Understanding Voi's Q1 2025 Financials
Full breakdown of Voi Technology's Q1 2025 financials
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We’re hosting three exclusive fireside chats, and here’s a highlight you won’t want to miss:
🎤 Robin Wauters, Founder of tech.eu will sit down with Fredrik Hjelm, Co-Founder & CEO of Voi Technology, for a candid conversation about Voi’s journey, lessons learned, and what’s next in shared mobility.
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Contents
About Voi
Chart: Voi’s Quarterly Valuation (2018-2025)
Q1 2025 Financial Performance
Chart: Quarterly Revenue vs EBIT (2023-2025)
Chart: Quarterly Trips vs Vehicles Deployed (2023-2025)
Chart: Quarterly TVD and RVD (2023-2025)
Revenue Breakdown
Chart: Revenue Breakdown by Category and Geography
Cost Structure
Chart: Quarterly Vehicle Profit Margin, Market EBITDA %, EBIT % (2023-2025)
P&L Shapshot
Cash Position & Balance Sheet
Consolidated Balance Sheet
2025 Outlook
Conclusion
About VOI
Voi Technology is a Stockholm-based shared micromobility company founded in 2018. The company operates a dockless, app-based e-scooter and e-bike sharing platform across more than 110 cities in Europe.
Voi has raised ~$595m so far according to crunchbase and Voi’s investor VNV Global has markedup their valuation by 8.5% from $484.2m in Q4 2024 to $525.4m in Q1 2025.
Q1 2025 Financial Performance
Voi reported revenue of €26.3m in Q1 2025, marking 28% year-over-year growth from €20.6 million in the same quarter last year. Growth was fueled by an 18% increase in deployed vehicles and stronger ride frequency across core markets.
Utilization rose to 1.93 trips per vehicle per day (up from 1.62), while net revenue per vehicle per day improved to €3.17, up 10% year-over-year.