Swedish mobility start-up Voi Technology has announced plans to go public in 2022, as its US rivals list and competition for UK e-scooter trials causes consolidation in the market.
Voi operates in 18 cities in the UK, including Liverpool, Bristol and Cambridge, and claims it has almost 70 per cent share of the British market. The company also operates across Europe.
Fredrik Hjelm, founder and chief executive, told the Financial Times it is still considering where to list but said it will probably be in Europe. “We’ve started preparations to be able to go public and we will be ready in 2022,” he said. Voi said its revenues grew 140 per cent year-on-year in 2021 to “more than $100m”.
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