Voi Technology, a Stockholm-based e-scooter sharing startup, has raised a €26 million in a recent funding round led by Vostok New Ventures, Balderton Capital, LocalGlobe, Raine Ventures, and new investors Project A and Creandum. With this capital injection, it brings the total amount attracted by the company to date to € 76.4 millionby the company to date to € 76.4 million.
Voi says the new capital will be used to ramp up expansion across Europe and invest in R&D. The company is also now claiming to be the leading “home-grown” e-scooter rentals company in Europe — as opposed to U.S.-founded Lime and Bird. In seven months, Voi says it has garnered a customer base of over 400,000 riders, who have taken a total of more than 750,000 rides.