Micro-mobility platform Voi has added $45 million to its Series C round bringing the total to $250 million.
The latest investment was led by the Raine Group with existing investors VNV Global and new investors also involved.
Sweden-based Voi says the investment will go towards its e-scooter fleet, expansion into new markets and research and development in parking and safety solutions.
Fredrik Hjelm, co-founder and CEO of Voi, says: “We’ve proven that there is demand for sustainable, carbon-free transport across the continent and we’re delighted to be driving this switch from polluting cars in 70 cities.
"With this new investment, we will continue to invest in developing our e-scooter and e-bike fleets, pioneering innovative approaches to parking and safety, and advocate for change to help create more liveable cities across the world.”
Voi says e-scooters have been more in demand than ever before with a 70% increase year-on-year.
It also says the company has won more than 40% of the licensed markets in Europe an dis currently facilitating two million rides per week.
Voi announced $160 million in Series C funding back in December 2020 saying it planned to use the investment expand across Europe.
Tier, a Germany-based e-scooter rival, has also caught the attention of investors with the startup announcing $60 million to put towards expansion in June.
The debt facility came on top of $250 million in a Series C round for Tier which was announced in November 2020.