MOST completes investment in Unicorn Mobility to drive sustainable transport expansion

MOST (National Centre for Sustainable Mobility) has finalised an investment round in Unicorn Mobility, an innovative startup specialising in the light electric mobility sector. Unicorn Mobility currently operates a fleet of over 2,000 light electric vehicles with a presence in Italy, Greece, Spain, Portugal, the United Arab Emirates, and Saudi Arabia.

The transaction is part of Unicorn Mobility’s growth path and aligns with the broader objective of the involved parties to promote innovative solutions for sustainable mobility and the energy transition. The initiative focuses on decarbonisation pathways for corporations, hotels, municipalities, residential complexes, and university campuses.

This funding round is a recognition of our business model, aimed at fostering the decarbonisation of companies starting from a concrete assistance to the movements of employees and corporate staff. (Gianluca Iorio, co-founder of Unicorn Mobility)

BIP Law & Tax assisted Unicorn Mobility with the overall structuring of the transaction and the preparation of the transaction documents. The firm's team was led by equity partner Marco Muscettola and manager Bianka Vecaj.