The scooter heat in the European market seems to be repeating the domestic bicycle fever in the year
foreign media news , European shared electric scooter company “Voi Technology” (hereinafter referred to as Voi) recently received a new round of financing of $85 million , led by Vostok New Ventures, including the existing investors Balderton Capital, Project A and so on. “Voi” completed a $50 million Series A financing in November last year for the European market expansion, plus the $30 million Series B round of financing completed in March this year, which currently raises a total of $136 million. It is reported that the new funds will be used to develop and improve technology platforms and products, and to expand profitable business in the cities currently operating.
“Voi” was founded in 2018 and is headquartered in Sweden. It originally only offered electric scooter rental business. Now it has been transformed into a micro mobile service provider offering a variety of different modes of transport, including electric scooters and electric bicycles. . Similar to domestic shared bicycles, users can search for free electric scooters on nearby streets through the app, and unlock them by scanning the QR code.
“Voi” co-founder and CEO Fredrik Hjelm said the company is developing an “artificial intelligence-driven” fleet management service that has the ability to support future product portfolio expansion.
Voi Website
So far, “Voi” has been operating in 38 cities in 10 European countries, with 4 million registered users and 14 million cycling services. Recently, “Voi” has introduced more stable new hardware, which allows vehicles to ride multiple times during the service life to cope with the severe test of commercial shared electric vehicle service and help the company to improve efficiency.
Hjelm said that “Voi” will be profitable globally in 2021 or 2022. The company will focus on continuing to improve the life of electric scooters, collaborate and continue to operate in existing cities.
Despite domestic sharingThe market is not booming, but the electric scooter market in Europe and America is hot. In October this year, Tier Mobility, an electric scooter based in Berlin, Germany, announced that it has completed a new round of financing of US$60 million. Its business has covered more than 40 cities in 12 countries in Europe. What makes Tier Mobility special is to work with local governments and city councils. At the same time, Dott, a startup that received 30 million euros in financing in July, is also expanding its European market.
The two largest electric scooters on the market today are Lime and Bird, and Uber, Lyft, Google and other giants are also entering. Among them, the American shared electric scooter company Bird also announced in October that it has completed a new round of 275 million US dollars of D round financing, the valuation rose to 2.5 billion US dollars. Its largest competitor, Lime, has raised $765 million to date. Grow Mobility, second only to the two companies, focuses on expanding Latin America.
It is worth noting that some cities in China have issued a ban on the use of electric scooters on public roads, and the high price of electric scooters has reduced the hope of returning. The domestic shared electric scooter market is not hot. Soaring. However, most of Bird’s shared electric scooters are made by China’s Segway-ninebot and InMotion, which means that the ever-increasing European electric scooter war will also bring good to the domestic transportation tool manufacturing industry. Message.