The European micro-mobility sector took a major hit due to the pandemic. According to a report, the sector was hit just as the industry was accelerating along a growth trajectory. “In 2019, a banner year, our models predicted that the micro-mobility industry would be a $300B to $500B (€253.5B to €422.5B) market by 2030.” The report also predicts that the industry might “make a strong post-pandemic recovery.”
Swedish e-scooter company raises €132.8M
As a potential indicator of the sector’s post-pandemic recovery, Voi Technology, a Swedish micro-mobility startup looks to cement its position within Europe’s rapidly evolving micro-mobility transportation sector and has raised $160M (approx €132.8M) in its Series C round of funding.