Swedish micromobility operator Voi Know-how has raised $115m in collection D funding that it reckons will assist speed up enlargement into new markets subsequent yr.
The oversubscribed new financing spherical from traders, which brings complete 2021 fundraising to $160m, was led by the Raine Group and VNV International, after a file yr for operations, Voi studies.
Different present traders embrace Inbox Capital, Nordic Ninja, Stena Sessan, Kreos Capital with new traders Ilmarinen, Nineyards Fairness and ICT Capital. Entrepreneurs and operators from King, Avito, and BCG additionally participated within the fundraising spherical.
Voi claims to have achieved 140 per cent year-on-year income development in 2021 as the corporate hit greater than 90 million rides since inception, whereas growing margins and profitability.
“Having invested in Voi since day one we’re thrilled to see this three-year-old firm establishing itself because the main, most effective micromobility operator in Europe,” mentioned Per Brilioth, CEO of VNV International.
“Working intently with cities we’re seeing a brand new imaginative and prescient of city transport taking form that’s extremely complementary to public transport”
“We’re reaching a tipping level with micromobility the place cities, led by their residents, are waking as much as the complete potential of this new mode of transport. Absolutely built-in with public transport, sustainably sourced and powered by renewable power, Voi is placing itself far forward of the competitors because the grown-up, accountable operator-partner for cities.”
The brand new funding will present finance to proceed increasing into new European markets and add extra e-bikes to the Voi fleet. Voi’s ambition is to take one billion automotive journeys off Europe’s roads by 2030 and enlargement into new markets and options is integral to reaching this.