Voi signs roughly $170M bank facility to replace bond funding

Voi operates shared electric scooter and bike fleets for riders and city partners across Europe. On September 29, the Stockholm company signed a roughly $170 million revolving credit facility with Danske Bank, Swedbank and DNB Sweden, shifting its principal debt funding from bonds to bank credit while supporting fleet growth.

Founded in 2018, Voi says it operates more than 200,000 vehicles in over 130 towns and cities across 13 countries. The company reports more than 500 million rides to date and more than 4 million active riders each year. That physical network makes vehicle investment a recurring part of expansion.

In the second quarter of 2026, Voi reported net revenue of about $78.1 million, up 47% year over year, and trailing-12-month revenue above $227 million. Adjusted EBITDA nearly doubled to approximately $22.4 million, a 28.6% margin, while net leverage fell to 1.76 times from 2.41 times at the end of the prior quarter. Figures are in US dollars, converted at September 29, 2026 reference rates.

Voi deploys and operates its fleets in partnership with towns, cities and local communities, adapting the service to local needs. The rider-facing network therefore depends on municipal cooperation as well as investment in scooters and bikes.

The facility serves three purposes: redeem Voi’s outstanding bonds, replace an existing undrawn revolver and support fleet growth. As a revolving line, it sets a borrowing ceiling rather than showing that Voi received the full amount in cash on the signing date. The company did not disclose its expected draw after the refinancing.

The bond redemption remains conditional on the customary requirements for a first draw. If those are met, Voi expects to redeem the bonds on October 19 at 103.375% of face value plus accrued interest, paying holders registered by October 12 and then delisting the securities from Nasdaq Stockholm’s corporate-bond list.