Urban.us Raising $10 Million Fund To Invest In Startups That Impact City Living [including FutureMotion]
Venture fund Urban.us is gearing up to close a $10 million fund to continue investing in startups focused on impacting urban city living across mobility and logistics, environment, utilities and local government. Urban.us expects to close the fund later this year, but it has already committed some of that money to smart irrigation startup Rachio, FutureMotion, the maker of electric board OneWheel, and connected heating and cooling systems startup Flair.
That’s why Baptiste especially likes OneWheel, because it highlights the concept of sneaking in public benefits. OneWheel is both fun and useful, Baptiste said, but at the tail end of it, there’s a big public benefit. If more people choose to get around on small, personal electrical vehicles like the OneWheel, it could impact the number of people driving, Baptiste said, and ultimately impact CO2 emissions from cities.
So cool imagine swarms of one wheelers coursing the roadways like platelets flowing through arteries.