The corporate says the announcement comes because it tries to adapt to an more and more tight capital market and speed up our path to profitability.

“This can be a very tough choice and never one thing we take flippantly. We’re very unhappy to say goodbye to the Voiagers who depart us, and we wish to thank them for serving to construct the corporate so far. They’re extremely proficient and will probably be robust additions to any firm. They are going to be provided severance and assist to maneuver on by our “At all times a Voiager” programme, and different help the place wanted,” says the corporate. 

In June, the corporate laid off 35 roles, accounting for 10 per cent of the workforce, to cut back the general HQ value base. Voi additionally added that it’s not anticipating any capital raises within the foreseeable future.

Voi Know-how: What it’s essential to know

Based in 2018 by Adam Jafer, Douglas Stark, Fredrik Hjelm, and Keith Richman, Voi Know-how presents e-scooter-sharing companies in partnership with cities and native communities. 

Voi claims to be a carbon-neutral firm since January 2020 and has adopted the United Nations’ Sustainable Improvement Targets (SDGs) as a guiding framework. The corporate additionally intends to have absolutely electrical automobiles by early 2023.

The corporate additionally says it is going to use solely battery cells produced in Europe by 2023, leading to a 50 % decrease carbon footprint. 

The Swedish firm operates in additional than 100 cities throughout Europe and the UK. In December, the corporate raised $115M (then €101.93M), bringing its complete funding to $430M.