CMS advises lead investor Ponooc on series B round of financing for electric scooter start-up unu

07/11/2018

Berlin/Leipzig – Dutch venture capital fund Ponooc B.V. has led the series B financing round for Berlin-based mobility start-up unu GmbH. Existing investors including Capnamic Ventures, French firm VC-Fund IRIS Capital, NRW.BANK and other private lenders also made further investments. 

A CMS team from Berlin and Leipzig advised Ponooc on all legal aspects of the financing round and in particular on due diligence. 

The fresh capital is earmarked for financing the market launch of a new generation of unu electric scooters. The funding will also enable unu to enter additional markets for which specific plans have already been made. The company expects international expansion to deliver further growth, with the aim of promoting urban mobility around the world. 

Ponooc is an independent Dutch venture capital fund. The venture capitalist has close links with Pon Holdings B.V., one of the largest family-owned businesses in the Netherlands, which sells vehicles and bicycles worldwide. Ponooc’s focus is on sustainability and the future of mobility. 

Established in 2013 as a manufacturer of electric scooters, unu claims to be the market leader in the German-speaking countries. The company is working on various solutions for urban mobility. Alongside electric scooters, they include a sharing model for these vehicles. The scooters are TÜV-certified, noiseless and the portable batteries can be charged at any socket. In addition to Germany and Austria, unu operates in France and the Netherlands.

CMS Germany

Dr Jörg Zätzsch, Partner
Dr Jörg Lips, Partner
Dr Friedrich von Spee, Senior Associate (Transaction Lead)
Dr Christoph Löffler, Associate (Due Diligence Lead), all Corporate/VC
Stefan Schreiber, Senior Associate, Intellectual Property
Martin Cholewa, Senior Associate, Competition & EU
Dr Benjamin Schirmer, Counsel, Real Estate & Public
Dr Anja Schöder, Counsel, Labor, Employment & Pensions

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Jörg Zätzsch
Dr. Jörg Zätzsch, LL.M. (Tulane University)
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Jörg Lips
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Friedrich Spee
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Christoph Löffler
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Stefan Schreiber
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Martin Cholewa
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Benjamin Schirmer
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Anja Schöder
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