Voi Scoots to Profitability, Eyes IPO in the Near Future
Voi, a top shared micromobility company, reports its first profitable year and eyes a potential IPO.
Matilda
Voi Scoots to Profitability, Eyes IPO in the Near Future
Swedish shared micromobility leader Voi has announced its first profitable year in 2024, marking a significant turning point for the company and the shared scooter industry as a whole. With substantial revenue growth and a focus on operational efficiency, Voi is positioning itself for a potential IPO in the coming years. A Turning Point for Shared Micromobility The shared micromobility sector, characterized by its rapid growth and initial challenges, has seen its fair share of volatility. Companies have grappled with operational complexities, regulatory hurdles, and the inherent costs associated with managing and maintaining a fleet of vehicles. However, Voi's recent announcement signals a maturing of the industry, demonstrating that profitability is achievable with a strategic approach. According to preliminary unaudited results shared exclusively with TechCrunch, Voi generated €132.8 million ($138 million) in net revenue in 2024. More impressively, the company achieved €17.2 mil…