Voi Technology, a Stockholm, Sweden-based micro-mobility company, raised $160m in funding.
The round was led by The Raine Group with participation from existing investors VNV Global, Balderton, Creandum, Project A, Inbox and Stena Sessan joined by top entrepreneurs and executives from Delivery Hero, Klarna, iZettle, Zillow, Kry/Livi and Amazon.
In conjunction with the funding, Voi also secured an asset-backed debt facility, which will be used to finance scooter and e-bike investment in 2021.
The company intends to use the funds to further enhance the safety infrastructure of its platform, bring its latest e-scooter model – Voiager 4 – to more cities across its network and expand into Europe.
Led by Fredrik Hjelm, co-founder and CEO, Voi provides e-scooter mobility solutions in such cities as Berlin, Oslo and Stockholm as well as Birmingham, Liverpool, Bern and Cambridge.
Its fleet is currently comprised of The Voi, Voiager 1, Voiager 2 and Voiager 3X.