Swedish shared micromobility giant Voi had its first profitable year in 2024, according to preliminary unaudited results the company shared exclusively with TechCrunch. Voi, which offers shared e-scooters and e-bikes across more than 100 markets in Europe, recorded €132.8 million ($138 million) in net revenue in 2024. On an adjusted basis, Voi earned €17.2 million […] © 2024 TechCrunch. All rights reserved. For personal use only.
The main idea of the article is that shared scooter company Voi has reached profitability for the first time, marking a significant milestone in the often-chaotic micromobility industry.
Voi attributes its success to cost-cutting measures, operational efficiency improvements (like using machine learning for maintenance), and the maturing of the market with cities choosing select partners like Voi. This profitability, coupled with strong financing (including bond issuance), positions Voi for a potential IPO in the next 2-3 years.
The main idea of the article is that shared scooter company Voi has reached profitability for the first time, marking a significant milestone in the often-chaotic micromobility industry. Voi attributes its success to cost-cutting measures, operational efficiency improvements (like using machine learning for maintenance), and the maturing of the market with cities choosing select partners like Voi. This profitability, coupled with strong financing (including bond issuance), positions Voi for a potential IPO in the next 2-3 years.
