E-scooter manufacturer Unagi has had a busy month. Just a couple weeks after bringing its Model One Voyager scooter to market, the company says it closed a large funding round and secured Best Buy as a scooter Subscription Partner. The $29.3 million round is a combination of equity and debt. The $17.3 million in equity is led by Ecosystem Integrity Fund with Menlo Ventures and Pure Capital participating. The remaining $10 million in debt is led by Aegon Asset Management, which joins Unagi’s existing credit provider Horizon Technology Finance. Unagi has become well known not only for its lightweight e-scooters that are perfect for city-based customers, but also for its subscription business that offers a commitment- and maintenance-free experience at a reasonable price. While the company does sell its scooters direct-to-consumer and through retail partners, almost 90% of the business is now subscription-based. It’s almost to the point that Unagi might consider halting sales altogether, T.J. Compagnone, Unagi’s chief product officer, told TechCrunch. The funds will be used to grow that subscription business, and the …

The post Unagi secures Best Buy as e-scooter subscription partner appeared first on Skeptic Society Magazine.