Voi, the Stockholm-based micro-mobility company, has recently raised $115 million in a funding round led by Raine Group and VNV Global. This funding will allow the company to expand its operations across Europe and beyond. This article will delve deeper into Voi’s latest financing round and what it means for the company’s future.

Voi raises $115 million in a funding round led by Raine Group and VNV Global.

Voi’s latest funding round was led by Raine Group and VNV Global, two well-respected investment firms. This round of funding will enable Voi to expand its operations across Europe and beyond and invest in new technology and research and development.

Voi’s CEO, Fredrik Hjelm, stated that the company plans to use the funding to “continue expanding our footprint across Europe and invest in further innovation to make our vehicles even safer and more sustainable.”

Voi’s expansion plans

With this new funding, Voi plans to continue expanding its operations across Europe, where it currently operates in over 50 cities. The company also plans to expand its operations beyond Europe, focusing on the Middle East and Latin America. voi stockholmbased 115m raine group vnv

In addition to expanding its operations, Voi plans to invest in new technology to improve the safety and sustainability of its vehicles. The company has made significant investments in these areas, with features such as swappable batteries and geofencing technology to ensure its cars are used responsibly.

Voi’s response to the COVID-19 pandemic

The COVID-19 pandemic has significantly impacted the micro-mobility industry, with many companies experiencing a decline in demand as people stay home to reduce the spread of the virus. However, Voi has been able to weather the storm, with the company reporting strong growth in cities where it operates.

Voi has implemented several measures to ensure the safety of its riders and staff during the pandemic, including increased cleaning and sanitization of its vehicles and the provision of personal protective equipment to its team.

The future of micro-mobility

Micro-mobility refers to small, lightweight vehicles such as e-scooters and bicycles and has become increasingly popular as people look for more sustainable and convenient ways to get around cities. However, the industry has faced challenges in terms of regulation and safety, with some cities banning e-scooters altogether.

Voi is at the forefront of the micro-mobility industry, with its focus on safety and sustainability setting it apart from many of its competitors. As the industry continues to evolve, we will see more companies like Voi emerge, offering innovative solutions to urban mobility challenges.

Conclusion

Voi’s latest funding round is a significant milestone for the company, enabling it to continue expanding its operations and investing in new technology. With its focus on safety and sustainability, Voi is well-positioned to lead the micro-mobility industry as it continues to evolve. As more and more people look for sustainable and convenient ways to get around cities, it is clear that micro-mobility will play an increasingly important role in the future of urban transportation.

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