Money Buzz! Europa

Tag: voi

  • Voi announces another $160 million Series C funding round

    Voi announces another $160 million Series C funding round

    The Series C funds take total funding of Voi over the last four months to US$190 million, including the $30 million announced this past July and completed in September.

    The Raine Group, a global integrated merchant bank advising and investing in high-growth sectors of technology led the capital raise.

    The round also attracted investment from existing investors, including VNV Global, Balderton, Creandum, Project A, Inbox, Nordic Ninja, and Stena Sessan.

    Top entrepreneurs and executives from Amazon, Delivery Hero, iZettle, Klarna, Kry/Livi, Nordic Ninja, and Zillow also participated in this latest funding round.

    Through this new funding, Voi has also secured an industry first: scaled asset-backed debt facility, which will be directed towards scooter and e-bike investment in 2021.

    Thus, Voi are the first in this industry to be able to borrow money with scooters as collateral.

  • Bolt to invest over 100 million euros in the European e-scooters market

    Bolt to invest over 100 million euros in the European e-scooters market

    Bolt wants to become the largest micromobility operator in Europe within the next 12 months and will bring e-scooters to more than 100 cities across the continent in 2021.

    This year, the platform expanded its scooter operations to 45 cities in over 15 countries, including Sweden, Norway, and Portugal.

    In a recent survey of 1,800 UK Bolt riders, 50.38% of users said they’d choose a Bolt Scooter over a private-hire vehicle (PHV) for journeys under 5 km.

    Fierce competition on European e-scooter market

    Uber already announced that wants to bring 130,000 electric scooters to more than 100 European cities next year, expanding aggressively across the continent.

    This week, Berlin-based electric scooter start-up Tier Mobility raised $ 250 million from investors, to expand its operations beyond the 80 cities in 10 countries it now covers.

    In September, Swedish company Voi won Europe’s largest exclusive e-scooter contract in UK.

    In June, Enel X and Bird have consolidated their cooperation by adding to Enel X’s JuicePass app a section dedicated to the rental service of over 5,000 Bird electric scooters in different Italian cities.

    In February, Bird acquired Circ, an micromobility company with operations spanning across 43 cities in 12 countries.

  • Voi wins Europe’s largest exclusive e-scooter contract in UK

    Voi wins Europe’s largest exclusive e-scooter contract in UK

    Swedish company Voi has been appointed to operate e-scooters in the West Midlands. The trial will create more than 120 new jobs.

    E-scooters will be rolled-out in Birmingham and Coventry from next Thursday (10 September). Soon afterwards, the scooters will be deployed in Sandwell (West Bromwich), Solihull, Walsall, Wolverhampton and Warwickshire. 

    The tender process, which was started last month by TfWM, part of the West Midlands Combined Authority (WMCA), concluded with the contract being offered to Voi as the sole operator.

    For the purpose of the trial the DfT requires a maximum speed of 15.5 mph on roads. In pedestrianised areas a lower speed limit of 5mph will be applicable.

    E-scooters are allowed on any 30 mph or less road, however the council have advised users to use designated cycle routes wherever possible. 

    Voi launched Europe’s first dockless e-scooter service in 2018 and now operates in 45 cities across 11 countries.