Stockholm-based Voi Technology, a micro-mobility startup that provides electric scooters for last-mile transportation, announced that it has laid off 130 roles across Europe, accounting for 13 per cent of its global workforce.
The Swedish company says around 70 of the roles are full-time employees and the rest are consultants, fixed-term employees, and vacant roles.
The company says the announcement comes as it tries to adapt to an increasingly tight capital market and accelerate our path to profitability.
“This is a very difficult decision and not something we take lightly. We are very sad to say goodbye to the Voiagers who leave us, and we want to thank them for helping build the company to date. They are incredibly talented and will be strong additions to any company. They will be offered severance and help to move on through our “Always a Voiager” programme, and other support where needed,” says the company.
In June, the company laid off 35 roles, accounting for 10 per cent of the workforce, to reduce the overall HQ cost base. Voi also added that it is not anticipating any capital raises in the foreseeable future.
Voi Technology: What you need to know
Founded in 2018 by Adam Jafer, Douglas Stark, Fredrik Hjelm, and Keith Richman, Voi Technology offers e-scooter-sharing services in partnership with cities and local communities.
Voi claims to be a carbon-neutral company since January 2020 and has adopted the United Nations’ Sustainable Development Goals (SDGs) as a guiding framework. The company also intends to have fully electric vehicles by early 2023.
The company also says it will use only battery cells produced in Europe by 2023, resulting in a 50 percent lower carbon footprint.
The Swedish company operates in more than 100 cities across Europe and the UK. In December, the company raised $115M (then €101.93M), bringing its total funding to $430M.