SWEDEN —Voi Technology AB has entered into a new EUR 150 million revolving credit facility provided by Danske Bank A/S, Swedbank AB, and DNB Sweden AB. The debt arrangement will be deployed to initiate an early redemption of all outstanding bonds under ISIN SE0023134952 issued in October 2024 at a price of 103.375% of nominal value, while also refinancing an existing unutilised credit line and funding fleet expansion. Founded in 2018, Stockholm-headquartered Voi Technology AB is a Swedish micromobility operator providing e-scooter and e-bike sharing services, operating more than 200,000 vehicles across over 130 cities in 13 countries.
The transition from bond market reliance to traditional bank syndicate financing highlights a significant structural shift in the capital structure of urban transport operators. By refinancing higher-cost bond debt with bank loans, Voi lowers its cost of capital and enhances financial efficiency amidst ongoing expansion. This shift indicates that commercial banking institutions are increasingly viewing urban shared mobility models as bankable, predictable infrastructure rather than high-risk speculative ventures.
This financing facility impacts the broader micromobility sector, urban transportation planners, and commercial lending markets across the Nordic region and Western Europe. Cities partnering with shared mobility platforms benefit from operators with stabilized balance sheets, facilitating longer-term municipal concessions and integrated transit planning. Concurrently, regional banking groups are establishing benchmark corporate credit frameworks for sustainable urban transport assets.
From an investor and strategy perspective, securing flexible credit terms positions Voi to consolidate market share in key European municipalities while managing leverage ratios effectively. The refinancing reflects strong operational fundamentals, following second-quarter 2026 performance where revenue reached EUR 68.8 million and adjusted EBITDA reached EUR 19.7 million. Access to lower-cost capital allows the enterprise to continuously upgrade fleet hardware and technology while navigating competitive pressures in the European shared transport sector.
