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Europe’s largest shared electric scooter company completes a round of $85 million financing

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Voi Technology, the largest shared electric scooter company in Europe, announced on Monday that it has completed a new round of financing of US$85 million. It shows that despite the previous experience of “shared bicycles” and “shared office”, investors’ enthusiasm for “shared economy” is not complete. Extinguished.

Europe's largest shared electric scooter company completes a round of $85 million financing

Just last month, Tier Mobility, a shared electric scooter company based in Berlin, Germany, announced that it had completed a $60 million round of financing, including one of the sovereign wealth investment vehicles behind Softbank's “Vision Fund”. Bird, the American shared electric scooter company, also announced a new round of financing of $275 million.

Fredrik Hjelm, CEO of Voi Technologies, said: "We have begun to see profitability in some cities, and we will use this new funding to achieve profitability globally in 2021 or 2022."

Voi's current round of financing was led by Vostok New Ventures, which included a range of existing investors including Balderton Capital. The company said in a statement that it currently operates in 38 cities in 10 European countries.

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