Micromobility operator Voi has raised US$45m (£32.6m) in a Series C extension, with the funding used to expand its e-scooter fleet as well as for research into parking and safety solutions.
The company said it aims to continue to invest in the micromobility sector and roll out its e-bike rental schemes across Europe. It also aims to advance its use of computer vision software to prevent pavement riding.
Read more: Voi and Luna trials computer vision e-scooters in Northampton
This latest round, led by the Raine Groupe, brings the total Series C funding raised by the Swedish-based company to US$205m (£148.4m).
Fredrik Hjelm, CEO of Voi, said: “Voi has emerged as the clear micromobility leader in the European market, a fact which is underlined by the confidence of our investors. We’ve proven that there is demand for sustainable, carbon-free transport across the continent and we’re delighted to be driving this switch from polluting cars in 70 cities.
“We’re now the biggest e-scooter operator achieving more than two million rides a week, and we’re trusted by more cities and regulators than any other operator. With this new investment, we will continue to invest in developing our e-scooter and e-bike fleets, pioneering innovative approaches to parking and safety, and advocate for change to help create more liveable cities across the world.”
