Voi Technology Secures €50M Bond

• Stockholm-based Voi Technology, a micro-mobility company, has raised €50M through a bond issuance as part of a  €125M fundraising plan.
• The four-year bonds offer interest based on Euribor plus 6.75%, attracting Nordic and international investors.
• Founded in 2018, Voi provides shared electric scooters and bikes in European cities.
• This funding will support Voi's expansion of its 110,000 e-scooter and e-bike fleet in 2025, refinance existing debt, and fund general corporate activities.
• Voi's strong performance in meeting profitability targets and reducing costs has contributed to this successful bond issuance.
• Voi expects 2024 to be a record year for rides, revenue, and profits.

Source: Silicon Canals

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