Unagi Launches LA E-Scooter Subscription in Bird's Backyard

Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.

Unagi Launches LA E-Scooter Subscription in Bird's Backyard

Betting city dwellers will not want to risk taking public transportation in the age of COViD-19 or touch a shared e-scooter, Unagi announced Wednesday it will launch a $39 a month subscription service in New York and Los Angeles.

"L.A. is the electric scooter epicenter of the world and it was always our number one target," Unagi co-founder and CEO David Hyman told dot.LA. "Nowhere else have I walked where I couldn't take two steps without tripping over a scooter."


L.A. became the e-scooter capital after Bird was founded in 2017 in Santa Monica and quickly grew into the fastest-growing tech startup in history. Bird, too, also offers monthly rentals, but it is a very small part of its business and is only available in San Francisco, Miami, Washington D.C., and select college campuses.

Until now, Unagi, which Hyman started in Oakland in 2018 with Kickstarter founding, has sold its stylish e-scooters for $990. But Hyman acknowledged that a lot of riders don't want to shell out a thousand dollars to buy one of their own. The company was planning to add a subscription option — Hyman is not a fan of the term rental — before COVID, but the pandemic accelerated those plans. (Unagi means freshwater eel in Japanese.)

"This model helps us bring it to a larger audience," said Hyman. "Millennials prefer access over ownership."

The company has drawn favorable comparisons; it's been called the Apple of e-scooters and says it aims to build a Tesla-quality e-scooter that feels like riding a magic carpet.

The new offering, Unagi All-Access, includes maintenance and insurance for scooter theft or damage for $39 a month — which the company points out is less than half the cost of a 30-day Metro pass — or $34 for one year commitment. There is also a onetime $50 set-up fee.

Once someone subscribes, the company delivers a fully-assembled Model One scooter to their door within 24 hours. If the scooter ever does not work properly, users will receive a replacement within 24 hours.

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Activision Buys Game Studio Proletariat To Expand ‘World of Warcraft’ Staff

Samson Amore

Samson Amore is a reporter for dot.LA. He previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter at @Samsonamore. Pronouns: he/him

Xbox\u2019s various game developers it now owns: Activision, Blizzard and King.
Courtesy of Activision Blizzard

Activision Blizzard intends to acquire Proletariat, a Boston-based game studio that developed the wizard-themed battle royale game “Spellbreak.”

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samsonamore@dot.la

Bling Capital’s Kyle Lui On How Small Funds Can Better Support Young Founders

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
Bling Capital’s Kyle Lui On How Small Funds Can Better Support Young Founders

On this episode of the LA Venture podcast, Bling Capital’s Kyle Lui talks about why he moved earlier stage in his investing and how investors can best support founders.

Lui joined his friend—and first angel investor—Ben Ling as a general partner at Bling Capital, which focuses on pre-seed and seed-stage funding rounds. The desire to work in earlier funding stages alongside someone he knew well drew him away from his role as a partner at multi-billion-dollar venture firm DCM, where he was part of the team that invested in Musical.ly, now known as TikTok.

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