Swedish micromobility operator, Voi, has reported a record year in 2023, with the company making steady growth toward its target of EBITDA profitability.

In an effort to reach its goal, Voi has made the decision to cut roughly 120 office positions throughout the company, 12% of its overall workforce.

2023 saw Voi grow its YoY topline with 10%

The company, which has seen record-high ridership throughout London, Vienna, Oslo, Milan and Marseille in 2023, has stated that non-office roles such as mechanics and in-field workers will be ‘largely unaffected’ by the impending measures.

Fredrik Hjelm, CEO and co-founder of Voi, said:

Voi's most valuable asset is our talented and dedicated employees. It's incredibly difficult to bid farewell to some of our highly valued colleagues who have made significant contributions to Voi and the cities we serve across Europe.

However, our focus remains on providing the best service for our riders and cities, and we are committed to achieving full profitability.

Throughout 2023, Voi’s topline grew by 10% and Group Gross Profit grew by 22% to a Gross Margin of 49%. The company hopes to expand its service to over 100 cities across Europe in the coming years.


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