Voi is a Swedish micromobility company offering e-scooter and e-bike sharing in partnership with towns, cities and local communities. The company achieved EBIT profitability in 2024 and in Q1 2026 reported higher revenue and ridership, with net revenue rising 38% year over year.
Cyborg Score Rationale
Voi became a unicorn in 2021 and has achieved profitability while scaling to 150,000+ vehicles across 13 countries. However, it remains private and faces regulatory headwinds and intensifying competition in fragmented European markets. Growth momentum is strong but execution risks around unit economics and regulation persist.
Top Insights
Achieved EBIT profitability in 2024, demonstrating unit-economic sustainability in the core business
Q1 2026 performance showed 38% year-over-year net revenue growth with higher ridership across operating markets
Carbon-neutral operations since January 2020, aligned with UN Sustainable Development Goals
Most recent funding was a $25M Series D round in March 2024
Named Competitors
Lime — Shared e-scooter and e-bike rental services for urban mobility
Dott — Electric scooter and bike micromobility solutions for urban transportation
Bird — Dockless e-scooter sharing for last-mile urban transit
Bolt — Multi-service mobility platform including scooter rentals
Recent Developments
(March 2024) Raised $25M Series D funding round with participation from 8 investors
(Q1 2026) Reported 38% year-over-year net revenue growth and higher ridership
(April 2026) Appointment of Åsa Christiander as Head of Sustainability to advance sustainability initiatives
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