Voi raises $45 million to invest in building a sustainable micromobility company

Voi has raised $45 million in a Series C extension round led by The Raine Group.

The funding will help Voi invest in building a sustainable company that will continue to ‘revolutionise’ urban mobility over the coming decade. This brings the total Series C funding raised by Voi to $205 million.

The new funding will allow Voi to continue investing in its e-scooter fleet, R&D in parking and safety solutions including pioneering the use of computer vision software to prevent pavement riding, and expanding its e-scooters and e-bikes offer to more markets.

Fredrik Hjelm, co-founder and CEO of Voi, said: “Voi has emerged as the clear micromobility leader in the European market, a fact which is underlined by the confidence of our investors.

“We’ve proven that there is demand for sustainable, carbon-free transport across the continent and we’re delighted to be driving this switch from polluting cars in 70 cities.

“We’re now the biggest e-scooter operator achieving more than two million rides a week, and we’re trusted by more cities and regulators than any other operator.

“With this new investment, we will continue to invest in developing our e-scooter and e-bike fleets, pioneering innovative approaches to parking and safety, and advocate for change to help create more liveable cities across the world.”

In other news…

See.Sense welcomes Richard Pearce as new chief operating officer

See.Sense, a provider of intelligent cycling products and data services, has announced the appointment of …