Voi raised $25M in an oversubscribed financing round to expand its fleet and improve sustainable mobility options in existing and new markets.

Micromobility operator Voi announced a $25-million oversubscribed financing round, with existing shareholders, including VNV Global, Raine Group, Nineyards Equity, Balderton, Creandum, Project A, Stena, Black Ice Capital, and others, participating in the round. The funding will be used to expand its fleet in existing and new markets with its 3rd-generation e-bikes and 7th-generation e-scooters, as well as to enhance sustainable mobility options and ensure safety for its riders and other road users.