Valuation of e-scooter provider VOI drops to $362 million

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 interim Q4 and full year 2022 report.

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. The Stockholm-based company held the unicorn status for about a year, until the market sentiment collapsed.

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Martin Weigert

Martin Weigert