Voi valuation, funding and investors

Voi works in micromobility services and infrastructure development, based in Stockholm, Sweden. Founded in 2018, it has about 855 employees.

Bicycle Rental Services Stockholm Debt

VALUATION · TODAY

$429M −9% after Growth

Range $178M – $507M · Grade B

TODAY

+12 MO

$500M

$1.00B

$1.50B

$2.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Seed $2.90M

Series A $50.0M

Series B $85.0M

Bridge $30.0M

Series C $160M

Series D $115M

Growth $25.0M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY855 employees

+18%6m growth

+20%1y growth

+32%2y growth

500

1,000

Data from Jan 2021

TODAY

Predicted in 1 yr $388M −9% vs today

Predicted next raise $43.3M if a round comes

Winding-down probability 4%

Last round: Growth · $25.0M · Mar 2024
Valuation at last round: $380M
Headcount: 855 · up
Grade: B
Founded: 2018

How VCMC values companies →

Voi valuation today

VCMC values Voi at $429M today, with a range of $178M to $507M and a grade of B. The valuation starts from its last funding round, a growth round in Mar 2024.

Valuation by date (113 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Voi: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$5.53M	$2.01M – $15.2M	$7.58M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$5.68M	$2.07M – $15.6M	$7.79M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$5.82M	$2.12M – $16.0M	$7.98M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$5.98M	$2.18M – $16.4M	$8.19M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$6.13M	$2.23M – $16.8M	$8.41M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$6.30M	$2.29M – $17.3M	$8.64M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$6.47M	$2.35M – $17.8M	$8.87M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$6.64M	$2.42M – $18.2M	$8.95M (+35%)	before first round	–	unknown	D	0%
14 Aug 2018	$17.8M	$11.7M – $54.0M	$35.5M (+100%)	after a round	–	unknown	C	0%
1 Sep 2018	$18.4M	$11.7M – $54.0M	$35.5M (+93%)	after a round	–	unknown	C	0%
1 Oct 2018	$19.5M	$11.7M – $54.0M	$35.5M (+82%)	after a round	–	unknown	C	0%
1 Nov 2018	$20.6M	$11.7M – $54.0M	$35.5M (+72%)	after a round	–	unknown	C	0%
19 Nov 2018	$104M	$73.1M – $265M	$187M (+80%)	after a round	–	unknown	C	0%
1 Dec 2018	$106M	$73.1M – $265M	$187M (+76%)	after a round	–	unknown	C	0%
1 Jan 2019	$111M	$73.1M – $265M	$187M (+68%)	after a round	–	unknown	C	0%
1 Feb 2019	$117M	$73.1M – $265M	$187M (+60%)	after a round	–	unknown	C	0%
1 Mar 2019	$122M	$73.1M – $265M	$187M (+53%)	after a round	–	unknown	C	0%
1 Apr 2019	$129M	$73.1M – $265M	$187M (+45%)	after a round	–	unknown	C	0%
1 May 2019	$135M	$73.1M – $265M	$187M (+38%)	after a round	–	unknown	C	0%
1 Jun 2019	$142M	$73.1M – $265M	$187M (+32%)	after a round	–	unknown	C	0%
1 Jul 2019	$149M	$73.1M – $265M	$187M (+25%)	after a round	–	unknown	C	0%
1 Aug 2019	$157M	$73.1M – $265M	$187M (+19%)	after a round	–	unknown	C	0%
1 Sep 2019	$165M	$73.1M – $265M	$187M (+13%)	after a round	–	unknown	C	0%
1 Oct 2019	$173M	$73.1M – $265M	$187M (+8%)	after a round	–	unknown	C	0%
1 Nov 2019	$182M	$73.1M – $265M	$187M (+3%)	after a round	–	unknown	C	0%
11 Nov 2019	$386M	$272M – $820M	$578M (+50%)	after a round	–	unknown	B	0%
1 Dec 2019	$394M	$272M – $820M	$578M (+47%)	after a round	–	unknown	B	0%
1 Jan 2020	$408M	$272M – $820M	$578M (+42%)	after a round	–	unknown	B	0%
1 Feb 2020	$423M	$272M – $820M	$578M (+37%)	after a round	–	unknown	B	0%
1 Mar 2020	$436M	$272M – $820M	$578M (+32%)	after a round	–	unknown	B	0%
1 Apr 2020	$452M	$272M – $820M	$578M (+28%)	after a round	–	unknown	B	0%
1 May 2020	$467M	$272M – $820M	$578M (+24%)	after a round	–	unknown	B	0%
1 Jun 2020	$483M	$272M – $820M	$578M (+20%)	after a round	–	unknown	B	0%
1 Jul 2020	$500M	$272M – $820M	$578M (+16%)	after a round	–	unknown	B	0%
1 Aug 2020	$517M	$272M – $820M	$578M (+12%)	after a round	–	unknown	B	0%
1 Sep 2020	$535M	$272M – $820M	$578M (+8%)	after a round	–	unknown	B	0%
1 Oct 2020	$553M	$272M – $820M	$578M (+4%)	after a round	–	unknown	B	0%
1 Nov 2020	$573M	$272M – $820M	$578M (+1%)	after a round	–	unknown	B	0%
1 Dec 2020	$1.0B	$717M – $1.9B	$1.3B (+30%)	after a round	–	unknown	B	0%
2 Dec 2020	$1.0B	$717M – $1.9B	$1.3B (+30%)	after a round	–	unknown	B	0%
1 Jan 2021	$1.0B	$717M – $1.9B	$1.3B (+27%)	after a round	330	unknown	B	0%
1 Feb 2021	$1.1B	$717M – $1.9B	$1.3B (+24%)	after a round	330	unknown	B	0%
1 Mar 2021	$1.1B	$717M – $1.9B	$1.3B (+22%)	after a round	330	unknown	B	0%
1 Apr 2021	$1.1B	$717M – $1.9B	$1.3B (+19%)	after a round	330	flat	B	0%
1 May 2021	$1.1B	$717M – $1.9B	$1.3B (+17%)	after a round	330	flat	B	0%
1 Jun 2021	$1.2B	$717M – $1.9B	$1.3B (+14%)	after a round	330	flat	B	0%
1 Jul 2021	$1.2B	$717M – $1.9B	$1.3B (+12%)	after a round	330	flat	B	0%
1 Aug 2021	$1.2B	$717M – $1.9B	$1.3B (+9%)	after a round	330	flat	B	0%
1 Sep 2021	$1.2B	$717M – $1.9B	$1.3B (+7%)	after a round	330	flat	B	0%
1 Oct 2021	$1.3B	$717M – $1.9B	$1.3B (+4%)	after a round	330	flat	B	0%
1 Nov 2021	$1.3B	$717M – $1.9B	$1.3B (+2%)	after a round	330	flat	B	0%
1 Dec 2021	$1.3B	$717M – $1.9B	$1.3B (0%)	after a round	330	flat	B	0%
22 Dec 2021	$1.0B	$869M – $1.5B	$1.3B (+30%)	after a round	330	flat	A	0%
1 Jan 2022	$1.0B	$869M – $1.5B	$1.3B (+29%)	after a round	330	flat	A	0%
1 Feb 2022	$1.0B	$869M – $1.5B	$1.3B (+26%)	after a round	620	growing	A	0%
1 Mar 2022	$1.1B	$869M – $1.5B	$1.3B (+24%)	after a round	620	growing	A	0%
1 Apr 2022	$1.1B	$869M – $1.5B	$1.3B (+21%)	after a round	620	growing	A	0%
1 May 2022	$1.1B	$869M – $1.5B	$1.3B (+18%)	after a round	620	growing	A	0%
1 Jun 2022	$1.1B	$869M – $1.5B	$1.3B (+16%)	after a round	620	growing	A	0%
1 Jul 2022	$1.1B	$869M – $1.5B	$1.3B (+13%)	after a round	620	growing	A	0%
1 Aug 2022	$1.2B	$869M – $1.5B	$1.3B (+11%)	after a round	620	growing	A	0%
1 Sep 2022	$1.2B	$869M – $1.5B	$1.3B (+8%)	after a round	620	growing	A	0%
1 Oct 2022	$1.2B	$869M – $1.5B	$1.3B (+6%)	after a round	620	growing	A	0%
1 Nov 2022	$1.3B	$869M – $1.5B	$1.3B (+4%)	after a round	620	unknown	A	0%
1 Dec 2022	$1.3B	$869M – $1.5B	$1.3B (+1%)	after a round	620	unknown	A	0%
1 Jan 2023	$1.3B	$855M – $1.5B	$1.3B (0%)	after a round	620	unknown	A	0%
1 Feb 2023	$1.3B	$817M – $1.5B	$1.3B (0%)	after a round	620	unknown	B	0%
1 Mar 2023	$1.3B	$783M – $1.5B	$1.3B (0%)	after a round	620	unknown	B	0%
1 Apr 2023	$1.3B	$748M – $1.5B	$1.3B (0%)	after a round	620	unknown	B	0%
1 May 2023	$1.3B	$717M – $1.5B	$1.3B (0%)	after a round	640	flat	B	0%
1 Jun 2023	$1.3B	$685M – $1.5B	$1.3B (0%)	after a round	640	flat	B	0%
1 Jul 2023	$1.3B	$655M – $1.5B	$1.3B (0%)	after a round	640	flat	B	0%
1 Aug 2023	$1.3B	$626M – $1.5B	$1.3B (0%)	after a round	640	flat	B	0%
1 Sep 2023	$1.3B	$598M – $1.5B	$1.3B (0%)	after a round	640	unknown	B	0%
1 Oct 2023	$1.3B	$575M – $1.5B	$1.3B (0%)	after a round	660	flat	B	0%
1 Nov 2023	$1.3B	$549M – $1.5B	$1.3B (0%)	after a round	660	flat	B	0%
1 Dec 2023	$1.3B	$526M – $1.5B	$1.3B (0%)	after a round	660	flat	B	0%
1 Jan 2024	$1.3B	$475M – $1.5B	$1.3B (0%)	after a round	660	flat	B	0%
1 Feb 2024	$1.3B	$452M – $1.5B	$1.3B (-1%)	after a round	660	flat	C	0%
1 Mar 2024	$1.3B	$432M – $1.5B	$1.3B (-2%)	after a round	670	flat	C	0%
13 Mar 2024	$380M	$330M – $481M	$418M (+10%)	after a round	670	flat	A	0%
1 Apr 2024	$382M	$330M – $481M	$418M (+9%)	after a round	670	flat	A	0%
1 May 2024	$385M	$330M – $481M	$418M (+9%)	after a round	670	flat	A	0%
1 Jun 2024	$388M	$330M – $481M	$418M (+8%)	after a round	670	flat	A	0%
1 Jul 2024	$390M	$330M – $478M	$415M (+6%)	after a round	650	flat	A	0%
1 Aug 2024	$393M	$330M – $478M	$415M (+6%)	after a round	650	flat	A	0%
1 Sep 2024	$396M	$330M – $478M	$415M (+5%)	after a round	650	flat	A	0%
1 Oct 2024	$399M	$330M – $478M	$415M (+4%)	after a round	650	flat	A	0%
1 Nov 2024	$402M	$330M – $478M	$415M (+3%)	after a round	650	flat	A	0%
1 Dec 2024	$402M	$330M – $473M	$398M (-1%)	after a round	650	flat	A	12%
1 Jan 2025	$405M	$330M – $473M	$397M (-2%)	after a round	650	flat	A	12%
1 Feb 2025	$407M	$330M – $473M	$395M (-3%)	after a round	650	flat	A	12%
1 Mar 2025	$410M	$330M – $473M	$394M (-4%)	after a round	650	flat	A	12%
1 Apr 2025	$410M	$320M – $473M	$391M (-5%)	after a round	650	flat	A	12%
1 May 2025	$406M	$304M – $471M	$381M (-6%)	after a round	650	flat	A	16%
1 Jun 2025	$409M	$290M – $476M	$386M (-6%)	after a round	681	flat	A	14%
1 Jul 2025	$410M	$276M – $479M	$389M (-5%)	after a round	695	flat	A	13%
1 Aug 2025	$410M	$263M – $481M	$390M (-5%)	after a round	700	flat	B	12%
1 Sep 2025	$409M	$250M – $481M	$391M (-4%)	after a round	700	flat	B	11%
1 Oct 2025	$411M	$239M – $484M	$394M (-4%)	after a round	712	flat	B	10%
1 Nov 2025	$412M	$266M – $486M	$396M (-4%)	after a round	722	up	B	10%
1 Dec 2025	$412M	$259M – $486M	$397M (-4%)	after a round	722	up	B	9%
1 Jan 2026	$412M	$253M – $486M	$398M (-3%)	after a round	722	up	B	8%
1 Feb 2026	$412M	$246M – $487M	$399M (-3%)	after a round	722	up	B	7%
1 Mar 2026	$412M	$240M – $487M	$400M (-3%)	after a round	722	up	B	7%
1 Apr 2026	$412M	$216M – $487M	$398M (-3%)	after a round	722	up	B	6%
1 May 2026	$420M	$213M – $497M	$406M (-3%)	after a round	788	up	B	6%
1 Jun 2026	$420M	$206M – $497M	$404M (-4%)	after a round	788	up	B	5%
1 Jul 2026	$420M	$199M – $497M	$404M (-4%)	after a round	788	up	B	5%
1 Aug 2026	$421M	$192M – $498M	$403M (-4%)	after a round	788	up	B	5%
1 Sep 2026	$421M	$186M – $498M	$402M (-4%)	after a round	788	up	B	4%
1 Oct 2026	$429M	$183M – $507M	$415M (-3%)	after a round	855	up	B	4%
24 Oct 2026	$429M	$178M – $507M	$388M (-9%)	after a round	855	up	B	4%

Key facts about Voi

Founded: 2018
Headquarters: Stockholm, Sweden
Employees: about 855 +20% in a year
Total raised: $523M
Funding rounds: 9
Last round: Debt Oct 2024

Voi was founded in 2018 by Adam Jafer, Filip Lindvall, Fredrik Hjelm and Keith Richman.

Voi funding history

Voi has 9 funding rounds on record, from Aug 2018 to Oct 2024, $523M in total. The latest disclosed valuation is $380M post-money (Growth Equity, Mar 2024).

Debt 10 Oct 2024no round page
Investors not disclosed.
Sources: careers.voi.com, voi.com, micromobility.io
$55M
Growth Equity 12 Mar 2024
With VNV Global, The Raine Group, Nineyards Equity, Balderton Capital, Creandum, Project A, Stena, Black Ice Capital, Stena Sessan.
Sources: theconsumervc.com, voi.com
$25M
$380M post-money, below the round before
Series D 21 Dec 2021
Led by The Raine Group, VNV Global; with Inbox Capital, NordicNinja, Stena Sessan, Kreos Capital, Ilmarinen, Nineyards Equity, ICT Capital.
Sources: globenewswire.com, voi.com, techcrunch.com and 4 more
$115M
$1.00B post-money
Series C 1 Dec 2020
Led by The Raine Group; with VNV Global, Balderton Capital, Creandum, Project A, Inbox Capital, NordicNinja, Stena Sessan, Vostok, LocalGlobe.
Sources: voi.com, buzzacott.co.uk, phocuswire.com and 3 more
$160M
Debt 1 Dec 2020no round page
Investors not disclosed.
Amount undisclosed
Bridge 16 Jul 2020
Led by VNV Global.
Sources: voi.com
$30M
$270M post-money
Series B 10 Nov 2019
Led by VNV Global; with Balderton Capital, Creandum, Project A, JME Ventures, The Raine Group, Kreos Capital, Inbox Capital, Rider Global, Black Ice Capital.
Sources: phocuswire.com, uktech.news, techcrunch.com and 3 more
$85M
Series A 18 Nov 2018
Led by Balderton Capital; with LocalGlobe, The Raine Group, VNV Global.
Sources: phocuswire.com, 0deepresearch.com, balderton.com and 2 more
$50M
Seed 13 Aug 2018
Led by VNV Global.
$2.9M

Voi investors

19 investors have backed Voi; VNV Global, The Raine Group and Balderton Capital led at least one round.

Balderton Capital lead, 4 rounds
Black Ice Capital 2 rounds
LocalGlobe 2 rounds
ICT Capital
Ilmarinen
JME Ventures
Rider Global
Stena
Stena Sessan
Vostok

What Voi does

Voi works in bicycle rental services, with 14 recorded offerings and customers in urban mobility and sustainable transportation.

Voi is a Swedish company engaged in shared micromobility solutions, operating a fleet of e-scooters and related vehicles across multiple countries. The company manages the technology platform, hardware, fleet operations, marketing, and policy development for its micromobility services. Voi also provides third-party accredited traffic school training for e-scooter users and conducts life cycle assessments for shared e-scooters. The company is certified for sustainability and carbon neutrality, and its operations are supported by a supply chain and logistics network, including a warehouse in London.

Description from Veridion's company data.

Products and services

Micromobility Services and Infrastructure Development
Electric Scooter and Bike-Sharing Services
Fleet Management and Maintenance Services
Mobile Application Development
Helmet Selfie Technology Integration
Traffic Safety Education Services
Shared Mobility Solutions
Life Cycle Assessment Services
Carbon Neutrality Consulting
Circular Supply Chain Solutions
Sustainable Transportation Consulting
Urban Congestion Reduction Services
Noise and Air Pollution Mitigation Services
Community and Government Partnership Services

Markets

Urban Mobility
Sustainable Transportation

Certifications

GDPR compliant

Business model

Business-to-Business
Business-to-Consumer
Service Provider
On-Demand

Industry codes (NAICS)

485999 All Other Transit and Ground Passenger Transportation 85% match
541512 Computer Systems Design Services 15% match

Questions about Voi

What is Voi worth?

Valuation $429M (range $178M to $507M), as of 24 Oct 2026. The last disclosed valuation was $380M (Growth Equity, Mar 2024).

Has Voi raised money?

Voi has 9 funding rounds on record, from Aug 2018 to Oct 2024, $523M in total. The latest disclosed valuation is $380M post-money (Growth Equity, Mar 2024).

Who has invested in Voi?

VNV Global, The Raine Group, Balderton Capital, Creandum, Inbox Capital and Project A, and 13 more. Lead investors include VNV Global, The Raine Group and Balderton Capital.

How many people work at Voi?

About 855, up 20% over the last year. Headcount grew from 330 in Jan 2021 to 855 in Sep 2026.

What does Voi do?

Voi works in bicycle rental services, with 14 recorded offerings and customers in urban mobility and sustainable transportation. Its main offerings are micromobility services and infrastructure development, electric scooter and bike-sharing services and fleet management and maintenance services.

When was Voi founded, and where is it based?

Voi was founded in 2018 and is based in Stockholm, Sweden. It has about 855 employees, up 20% over the last year.

How we value companies Report an issue

Voi valuation, funding and investors

Voi valuation today

Key facts about Voi

Voi funding history

Debt 10 Oct 2024no round page

Growth Equity 12 Mar 2024

Series D 21 Dec 2021

Series C 1 Dec 2020

Debt 1 Dec 2020no round page

Bridge 16 Jul 2020

Series B 10 Nov 2019

Series A 18 Nov 2018

Seed 13 Aug 2018