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# Valuation of e-scooter provider VOI drops to $362 million
- URL: https://www.swedishtechnews.com/vois-valuation-drops-to-362-million/
- Published: 2023-01-22T05:29:47.000Z
- Updated: 2023-01-22T07:31:19.000Z
- Description: There has been some confusion in the international tech media about the latest valuation of Swedish e-scooter and micromobility provider VOI, after its biggest shareholder VNV Global announced another large write-down in its interm Q4 and full year 2022 report.
- Author: Martin Weigert
- Tags: Voi

There has been some confusion in the international tech media about the latest valuation of Swedish e-scooter and micromobility provider [VOI](https://www.voi.com/), after its biggest shareholder [VNV Global](https://vnv.global/) announced another large write-down in its [interim Q4 and full year 2022 report](https://storage.mfn.se/20a91f70-ee08-4d31-9ec7-12231ac9cdcf/vnv-4q22-eng.pdf).

In the report, the investment firm puts the "fair value" of its stake in VOI at $83,7M. Some outlets erroneously reported this figure as the current worth of the entire company. But as VNV owned 23.1% of VOI per 31 December 2022 according to the report, that translates to a valuation of $362M for the company as a whole, as currently estimated by VNV. 

That is down from a valuation of roughly $1B which VOI achieved when raising its Series D funding round [in December 2021](https://www.forbes.com/sites/jonathankeane/2021/12/21/e-scooter-player-voi-valued-at-1-billion-in-latest-funding-round). The Stockholm-based company held the unicorn status for about a year, until the market sentiment collapsed.

💡

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