Voi’s $160 Million Raise Shows Investors Still Trust Scooters – Bloomberg
Article summary
Scooter-rental startup Voi Technology AB said it’s secured $160 million of new funding, just weeks after German rival Tier Mobility raised $250 million from investors including SoftBank Group Corp . The Swedish company’s Chief Executive Officer Fredrik Hjelm said it shows investors are confident that Europe’s e-scooter companies are succeeding through steady growth where their bigger U.S. rivals struggled as a result of aggressive expansion. It seems like the tables have turned,” Hjelm said in an interview ahead of the announcement on Tuesday. […] Hjelm said Voi sought to grow less aggressively, which resulted in better relationships with cities and more sustainable economics for its fleet of tens of thousands of scooters. […] The new investment will help the company develop its rental platform, expand to more cities and support the rollout of advanced scooter hardware, it said in a statement.
