Sweden-based Voi Technology AB (“Voi”), the pan-European micro mobility startup, today announced that it has reached its first ever monthly profit at group level for the month of June 2020. Less than two years since it launched the e-scooter service now operates across 40 cities and 11 countries.
Double-digit margin
Voi revealed that in June 2020 it achieved a double digit EBITDA margin, marking a strong return to Europe’s streets for the European electric micro-mobility provider after months of disruption due to the coronavirus pandemic. The margin was achieved on sales in June that were remarkably close to sales seen in June 2019, indicating that scooter riders are returning in number to this personal mode of travel that allows people to keep socially distant and avoid crowds.