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# News April 8, 2022: Hoting Innovations, VOI and more
- URL: https://www.swedishtechnews.com/news-april-8-2022/
- Published: 2022-04-08T13:23:02.000Z
- Updated: 2023-07-25T07:12:01.000Z
- Description: Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), hoting innovations, Voi, Almi Invest

Here is today's curation of news from Sweden's startup and tech sector.

💡

This post has been unlocked and made available for free a month after publication.   
  
[Subscribe to Swedish Tech News](https://www.swedishtechnews.com/#/portal/signup) to get access to a **daily newsletter** that brings you a brief overview of news from the Swedish startup & tech sector, curated by [Martin Weigert](http://www.twitter.com/martinweigert).  
  
Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)!

**Financing rounds**

- [Hoting Innovations](https://www.linkedin.com/company/hoting-innovations-ab/about/), *no website* (Vingåker, technology to mass produce engineered cellulose as alternative to plastics in packaging): SEK38M (€3.7M, $4M) from Almi Invest as well as Swedish and international private investors ([English](https://nordic9.com/news/hoting-innovations-in-a-sek-38-million-capital-investment-round/), [Swedish](https://news.cision.com/se/almi-invest-ab/r/almi-invest-investerar-i-hoting-innovations-vars-pappersforpackningar-ska-ersatta-plasten,c3540877)).

\>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Request access](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing).

**News from Swedish startups, the tech sector and VCs**

- [VOI](https://www.voiscooters.com) generated SEK920M (€90M, $97M) in revenue in 2021\. CEO Fredrik Hjelm says that the company will soon get into the business of selling e-scooters directly to end consumers, too ([Swedish](https://www.di.se/digital/voi-borjar-salja-elsparkcyklar-direkt-till-konsument/), [machine translation](https://www-di-se.translate.goog/digital/voi-borjar-salja-elsparkcyklar-direkt-till-konsument/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

**Other interesting things from the startup/VC world & beyond**

- In the span of six days, US-based one-click checkout scaleup [Fast](https://www.fast.co/) has gone from being valued at close to $500M and employing 450 people, to shutting down ([English](https://newsletter.pragmaticengineer.com/p/the-scoop-fast?s=r)).
- Lightspeed Venture Partners published its second annual Workplace Re-Entry Report, based on data from 200+ startups, to shed light on the  
“new normal” ([English](https://medium.com/lightspeed-venture-partners/remote-work-is-here-to-stay-but-its-not-all-or-nothing-5fc25bba6287)).

**Other interesting things from Sweden**

- Sweden sends just 1% of its trash to landfills. Nearly half of it is being recycled, and almost all of the non-recycled waste is burned to generate electricity and heat ([English](https://reasonstobecheerful.world/waste-to-energy-sweden-power-plants/)).

+++

That's it for today.