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.”