Scooter Mania Continues as Europe’s Voi Bags New Funding
Despite signs of market consolidation, Europe’s scooter companies are still pushing ahead to raise significant capital
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One of Europe’s largest e-scooter sharing startups, Voi Technology AB, announced it has closed a $30 million round of funding to help it expand across Europe.
The fundraising comes as the continent’s swelling number of scooter companies are discussing possible consolidation and mergers in order to remain competitive, with U.S. giants Lime and Bird Rides Inc. also aggressively pushing across the EU.