Voi micromobility raises massive D round

The European market for E dcooters is the main battleground for the large micromobility companies battling it out for sumprenacy.

with smaller compact cities that scatter the EU. These naturally unfriendly car cites along with a legal framework more conductive for micromobility.

Firms Tier, Voi and Dott continued to raise massive VC backing. they have either two strategies.

buy their way into the a market by acquiston or build and invest their own networks. Different strategies for different internal markets.

while we predict the UK will have a stronger acquisition market than EU.

This week Voi has raised $115 million Series D funding with an over subscribed round. Clearly this market has a lot further to go.

While in August it raised 45 Millon with s total of 500 million since Voi launched. with this cash raise its high time to consider when there will be an IPO.

A spokesperson said: “Following this fundraise, Voi is going to start preparing for an IPO. Voi will begin preparations but the timetable cannot be set in stone at this stage.”

Fredrik Hjelm, co-founder and CEO of Voi Technology, said in a statement: “There is no doubting that micromobility is here to stay and Voi intends to be the go-to mobility platform in Europe for cities that want to give their residents and visitors an integrated, smart mode way to travel. Working closely with cities we are seeing a new vision of urban transport taking shape that is highly complementary to public transport. We are building the future of transport and we are committed to making every Voi city a better place to live.”

With cities starting to adopt regulations and grant licenses, the way that micromobility operators are scaling is by getting approvals from city officials, thus securing their access to consumers. So this war chest is partly about being able to scale to meet those licenses.

With cities starting to adopt regulations and grant licenses, the way that micromobility operators are scaling is by getting approvals from city officials, thus securing their access to consumers. So this war chest is partly about being able to scale to meet those licenses.

The spokesperson added: “The demand for micro mobility has never been higher and as a result, we want to ensure we are delivering the service people need. With this funding, we’re going to invest in solutions for our rides and cities, including fixing parking, pavement riding and twin riding, rolling out a better model of e-scooter and investing in R&D.”

The round was contributed by:

Raine Group and VNV Global (which led the last funding round), and included Inbox Capital, Nordic Ninja, Stena Sessan, Kreos Capital and new investors Ilmarinen, Nineyards Equity and ICT Capital and others.

Entrepreneurs and operators from King, Avito, BCG and more also participated.

Voi says it has achieved a 140% year on year revenue growth in 2021,.

Increasing margins and profitability. Voi also won a lot of city tenders this year, putting pressure on competitors especially in the UK.