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🟠 Voi eyes IPO

Voi reported its first profitable year in 2024, with preliminary unaudited results revealing €132.8 million in net revenue. Adjusted earnings show a profit of €17.2 million in EBITDA and approximately €100,000 in adjusted EBIT. Despite the modest EBIT figure, CEO Fredrik Hjelm highlighted a significant improvement in profitability, indicating a 100 percentage point enhancement since 2021 in a challenging industry.

Voi's vehicle profit margins also rose to 57%, up from 49% the previous year, attributed to cost-cutting and efficiency advancements like automation and predictive maintenance. By the end of 2024, Voi reported €60 million ($62 million) in cash and secured €125 million in senior secured bonds, marking a significant financial turnaround after raising $675.56 million in prior equity funding.

😬 58% of Berliners against scooters

A survey by the University for Sustainable Development Eberswalde (HNEE) in Berlin found that 58 percent of respondents support a complete ban on e-scooters. Over 80 percent of respondents want stricter rules, with a focus on parking and road safety.

In 2023, there were around 42,000 scooters in Berlin. Last year, the Senate decided to reduce the number of scooters allowed inside the S-Bahn ring from 25,000 to 19,000. In 2024, the average fleet size was approximately 35,000, making it (by far) the city with the most scooters in Europe.

Don’t sound the alarm just yet: Berlin Mayor Kai Wegner opposes a total ban, and high on the priority list for the Senate is a network of dedicated parking spaces.

LAUNCHES & EXPANSIONS 🚀

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Launch in Águeda (PT) 🛴 (200)

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CITY UPDATES 🌐

Bari (IT) | City to create 22 parking spaces for bikes.

Berlin (DE) | Survey finds 58% of Berliners want to ban scooters.

Kleinkötz (DE) | City to put up signs for scooters, to show where they can(‘t) go.

London (UK) | Lime reveal £20m action plan to improve cycling.

Reus (ES) | 83,000 trips in first year of Ganxeta bike sharing service.

Turin (IT) | City to create 1,250 parking spaces for micromobility.

Valladolid (ES) | Charging docks installed for scooters.

Vilnius (LT) | City considers raising the permit fee for shared scooters.

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INDUSTRY NEWS 🗞️

umob win tender for Rotterdam (NL).

Voi explores IPO after recording first profitable year in 2024, with revenues of €132.8 million.