Voi Technology is a Swedish company offering shared electric scooters and e-bikes via an app, with the aim of creating sustainable and safe urban mobility solutions for users, cities and communities across Europe.
Voi provides electric scooters and e-bikes that users can rent through a mobile app. The company has released multiple generations of vehicles, including its latest model, the Voiager 8, designed to be more durable and user-friendly. Voi collaborates with cities to integrate its services into existing transportation networks and has implemented solutions to improve traffic safety and reduce improper parking.
Voi generates revenue by renting out electric scooters and e-bikes through its mobile platform. The company has focused on enhancing operational efficiency and reported a 12.7% increase in net revenue, reaching €132.8 million for the full year 2024. During the same period, its vehicle profit margin improved to 57.0%. Voi has also strengthened its financial position by converting convertible debt into equity and repaying bank loans.
Since its inception, Voi has expanded to more than 100 cities across Europe. The company continues to invest in technological improvements for its vehicles and services to comply with local regulations and better serve user needs. Voi has placed a strong emphasis on profitability and reported a positive adjusted EBIT for the full year 2024—marking a key milestone in the company’s development.
Here's how it works:
Here's how it works:
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