The Micromobility Newsletter

The Micromobility Newsletter

Micromobility Pro

Voi-là, a Record Year on Every Metric

[Micromobility Pro] Voi reported €178.2m in revenue in FY2025, its strongest growth yet, driven by a 34% fleet expansion and a 55% surge in rides to 116m.

Apr 23, 2026
∙ Paid

Welcome to Micromobility Pro, a bi-weekly publication which is part of The Micromobility Newsletter, where we deep-dive into the financials of micromobility companies and share exclusive insights tailored for professionals and members.

Last Day to Save on Micromobility Europe 2026. Sale Ends Today!🚨

Today is your final chance to secure your spot at Micromobility Europe 2026 for €525.

Join the leaders, operators, and innovators shaping the future of micromobility and urban transport in Berlin.

General Admission is €525, down from €1500. Prices increase after today or when tickets sell out.

Secure your ticket now.

Get Your Ticket

Join McKinsey, Rivian’s ALSO, LYFT, RYDE, Dott, NextBike, POLIS, Urban Sharing, Navee, CityFi, Valeo, XYTE, Vmax, Microlino, Standab, Atom and many others!

[Sponsor/Exhibit] | [Speak at the Event] | [Exhibit as a Startup] | [Get A Free Pass]

And to find all about Micromobility America | Nov 11-12 | Palace of Fine Arts, SFO - HERE!


Contents

  • About Voi Technology

  • The Beginning: Four People, One Thesis

  • Voi’s Timeline

  • Operations

    • Chart: Revenue Split by Category & Geography

  • Fleet and Hardware

  • FY2025 Financial Performance

    • Chart: Yearly Net Revenue vs EBIT And Quarterly Net Revenue vs EBIT

    • Chart: Number of Trips And Vehicles Deployed

    • Chart: Trips Per Vehicle Per Day And Revenue Per Vehicle Per Day

    • Chart: Vehicle Profit % And Market EBITDA %

    • Table: P&L Snapshot - 2025

    • Table: Consolidated Balance Sheet - 2025

  • Ownership Structure

    • Chart: Voi’s Valuation

  • Into 2026

  • Voi vs Dott

About Voi

Somewhere in Stockholm, four people decided that European cities deserved better than what they were getting from the first wave of shared scooters. That idea became Voi.

Today, Voi Technology is one of Europe’s leading shared micromobility operators. The company runs electric scooters and e-bikes across more than 130 cities in 12 countries, with a fleet of roughly 160k vehicles.

Voi’s stated vision is “Cities made for living, free from noise and pollution.” The company’s mission is to offer safe, sustainable, and reliable micromobility for everyone, with the goal of giving urban residents a practical, affordable alternative that reduces car dependency, congestion, and air pollution.

In 2025, the company posted €178.2m in net revenue and it marked the strongest year in Voi’s history.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Micromobility Industries · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture