Founded in 2018 by Fredrik Hjelm, Adam Jafer, Douglas Stark and Filip Lindvall, Voi Technology runs a shared e-scooter and e-bike service aimed at replacing short urban car trips. Its platform integrates with public transit to reduce congestion and pollution, supporting cities’ net-zero goals. The company has focused heavily on improving unit economics, achieving a significant increase in vehicle gross profit margin after cutting central costs by nearly 50% since mid-2022 and deploying seventh-generation e-scooters and third-generation e-bikes. Voi lost its unicorn status in 2023 but regained a $1 billion valuation in 2024. According to Dealroom, it has raised $491 million to date, including a $25 million mix of equity and debt earlier this year. The latest financing gives the company capital to scale a next-generation fleet in 2025, refinance existing debt and fund general corporate needs.

Total raised

$602M

Funding rounds

12

Latest round

Debt Financing

Latest activity

Oct 2025