E-scooter sharing firm VOI raises $115 million, valuation crosses $1 billion

E-scooter sharing firm VOI raises $115 million, valuation crosses $1 billion

E-scooter sharing firm VOI raises $115 million, valuation crosses $1 billion

Information about E-scooter sharing firm VOI raises $115 million, valuation crosses $1 billion

Kevin David Scam or Legit


STOCKHOLM (Reuters) – Sweden’s VOI Technology, which operates e-scooter service in Europe, said on Tuesday it has raised $115 million from investors such as Raine Group and VNV Global, valuing the company at just over $1 billion.
The revenue of VOI, whose competitors include Germany’s Tier and American companies Lime and Bird, has grown by 140% this year but the company has yet to record an annual profit.
The company has no immediate plans to enter the United States to take on American rivals on their home turf, CFO Mathias Hermansson said in an interview. “It’s safe to say that we have plenty of investment opportunities in Western Europe.”
By 2023, VOI intends to use only battery cells produced in Europe, in hopes of lowering its carbon footprint by 50%.

Read More on Datafloq

Breaking Story – E-scooter sharing firm VOI raises $115 million, valuation crosses $1 billion

The Latest News on E-scooter sharing firm VOI raises $115 million, valuation crosses $1 billion

Source link
Category – Automation

Leave a Reply

Your email address will not be published. Required fields are marked *