Europe’s leading micromobility operator will expand further in the UK following an £87 million Series D round.
Sweden-headquartered Voi has enjoyed a record year of 140% revenue growth – while increasing margins and profitability – and has hit 90m rides, 8m of them in the UK.
It currently operate e-scooters, e-bikes or both in Bath, Birmingham, Bristol, Cambridge, Corby, Coventry and the University of Warwick, Kettering, Liverpool, Northampton, North Devon at Petroc College, Oxford, Peterborough, Portsmouth, Rushden & Higham Ferrers, Sandwell, Southampton and Wellingborough.
Bristol is one of the largest micromobility markets in Europe.
“Since launching in 2020, we’ve grown our UK team to over 200 people. This includes our head office, our warehouse teams, and our in-field logistics teams right across the country,” Jack Samler, Voi UK and Ireland general manager, told BusinessCloud.
“We expect to continue our rapid growth next year, meaning more job opportunities throughout the UK.
“This includes partaking in the UK Government’s Kickstart scheme, which will help give 16-24-year-olds on Universal Credit an opportunity to develop new skills and experiences by working at one of Europe’s leading startups.”
Voi has won more than 40% of market share across the continent – twice its closest competitor – and over 60% of the shared e-scooter market domestically.
The Series D round was led by Raine Group and VNV Global and included Inbox Capital, Nordic Ninja, Stena Sessan, Kreos Capital and new investors Ilmarinen, Nineyards Equity and ICT Capital and others.
Leading entrepreneurs and operators from King, Avito, BCG and more also participated.
Fredrik Hjelm, co-founder and CEO of Voi Technology, said: “There is no doubting that micromobility is here to stay and Voi intends to be the go-to mobility platform in Europe for cities that want to give their residents and visitors an integrated, smart mode way to travel.
“Working closely with cities we are seeing a new vision of urban transport taking shape that is highly complementary to public transport. We are building the future of transport and we are committed to making every Voi city a better place to live.”