The Series C extension was led by The Raine Group and brings Voi's total Series C funding to $205M.
Over the past eight months, Voi has become the largest micro-mobility operator in Europe.
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.
As Covid-19 lockdowns have eased, e-scooters have been more in demand than ever with a 70% increase year on year as people chose them as a socially-distanced, carbon-free way to travel around urban areas. Voi has been well-placed to facilitate this step-change in transport.
The Swedish-based company is the number one for market share - winning more than 40% of the licensed markets in Europe, more than twice its closest competitor.
Voi is also the number one for fleet efficiency with 40% more rides per vehicle than rivals; and the number one European player with 2 million rides per week.
We’re now the biggest e-scooter operator achieving more than 2 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.
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.
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