Additionally, the company has secured additional debt financing for vehicles.
The addition of new equity and debt funds will be used in scaling Voi's e-scooter and e-bike fleet, seizing the opportunity presented by growing consumer demand and the rapid consolidation in the industry.
The financing round follows a strong 2023 for Voi, with a record-breaking number of more than 68 million rides. During the year, the company also won notable tenders in prominent European cities such as London, Vienna, Oslo, Milan, and Marseille, cementing its position as the most trusted micromobility operator across the continent.
We had a strong 2023 where we continued to grow alongside improving margins on all levels. Over the past two years, our revenue has grown by nearly 50%, our gross profit has more than doubled, and we've reduced overhead costs by almost 50%. In 2023, we achieved our first quarter of positive EBIT at the group level, and we remain focused on our commitment to achieving full profitability and positive cash flow. 
