Stockholm-based Voi Technology lands more than €132 million to boost its geographic and fleet expansion
Voi, one of Europe’s leading micro-mobility companies, has raised over €132 million in a new funding round led by The Raine Group, helping Voi cement its position within Europe’s rapidly evolving micro-mobility transportation sector. In connection with the funding, Voi (founded in 2018) also secured the industry’s first, scaled asset-backed debt facility, which will be used to finance scooter and e-bike investment in 2021. The funds raised will be used to invest in technology platform development, fuel growth in current Voi markets and bring Voi’s latest e-scooter model – Voiager 4 – to more cities across its network. In addition, Voi will use funds to further enhance the safety infrastructure of its platform – the company’s number one priority. Fredrik Hjelm, co-founder and CEO of Voi, said: “We are very happy to welcome Raine’s growth equity platform to the Voi family.