E-scooter startup VOI raises another €26 million Funding
The Stockholm-based e-scooter startup VOI raises another €26 million to accelerate its expansion in Europe. The e-scooter startup has already expanded into 14 cities, including Paris, Madrid, and Lisbon.
Founded in August 2018, VOI raises €44 million Series A round in last November. The funding came from existing investors Vostok New Ventures, Balderton Capital, LocalGlobe and Raine Ventures, alongside new investors Project A and Creandum, and a host of business angels.
Riders can use Voi scooters by downloading the app to locate a nearby scooter on the street or by using a map, pressing the ‘ride’ button, and scanning the VOI QR code. There’s a €1 unlocking fee and a ride costs €0.15 per minute.
The startup’s approach to growth is “distinctively Scandinavian – based on dialogue...