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Voi Technology AB (publ)
Voi rents electric scooters and bikes by the minute through a phone app, mostly in European cities.
Voi is a micromobility company: it runs fleets of shared electric scooters and e-bikes that you unlock with a phone app and ride for a few euros, then leave parked on the street for the next person. You pay per minute or buy a day or month pass, and the company handles everything behind the scenes — charging the batteries, fixing broken scooters, moving them to where riders want them, and getting permits from city governments to operate.
The business exists because cities wanted a cheap, clean alternative to short car trips, and because Voi moved early and played nice with regulators. While many scooter rivals flooded streets and angered city officials, Voi focused on winning formal permits and partnering with cities, especially in the Nordics and Germany. That discipline helped it survive a brutal shakeout that killed off most of its competitors. Today its main rivals in Europe include Tier Mobility (which merged with Dott) and Lime, plus local players in individual cities. Voi's economics are simple in theory and hard in practice. Each ride brings in a small fare, but the company must pay for the scooters, batteries, charging crews, repairs, insurance, and city fees. Scooters get vandalized, thrown in rivers, and wear out fast, so profitability depends on keeping each vehicle running and ridden many times a day. Voi has said it reached adjusted profitability on its core operations in recent years, a rare feat in this industry, though the sector overall has burned through enormous amounts of investor cash.
The company is headquartered in Stockholm and remains privately held, backed by venture capital and other investors rather than public shareholders. It has raised hundreds of millions of euros over its life and has trimmed its map at times, exiting markets where the math didn't work. The big question hanging over Voi is the same one facing all scooter firms: can per-minute rentals ever reliably earn more than the scooters cost to run? Voi's bet is that scale, city partnerships, and careful operations get it there.
Saved answer · last researched 10 Nov 2026