Voi just put out FY2025 numbers that look like the operator’s best year ever. Revenue hit €178.2m, the shared fleet grew 34%, and total rides jumped 55% to 116m. Micromobility Industries reported the figures on April 24, 2026, calling it a record year on every metric.
For a sector that’s spent the last few years cutting cities, raising fares, and trimming fleets to chase profitability, those are the kind of numbers operators have been waiting for. Growth is back, at least at Voi.
Details
The Stockholm-based operator runs shared e-scooters and e-bikes across European cities. Per the report, revenue reached €178.2m in fiscal year 2025. That’s described as Voi’s strongest growth yet.
Two operating numbers drove that result. The fleet expanded 34% over the year, meaning a lot more vehicles available on streets. Rides climbed 55% to 116m, which is a faster pace than the fleet itself grew.
That ride-to-fleet ratio is worth pausing on. If rides grow faster than the fleet, each vehicle is being used more often. In shared micromobility, how often each vehicle gets ridden is one of the cleanest signals of unit economics. More trips per scooter or bike spreads the cost of charging, repair, and rebalancing across more revenue.
The Micromobility Industries piece sits behind a Pro paywall, so the underlying breakdowns aren’t all public. The summary doesn’t spell out profit, EBITDA, city count, or how revenue splits between scooters and bikes. Those details may be in the full report.
Why It Matters
Shared micromobility went through a brutal correction. Operators pulled out of underperforming cities, laid off staff, and shifted from growth at all costs to chasing positive margins. Voi itself has talked publicly about working toward profitability for years.
A year where rides outpace fleet growth suggests the strategy is paying off. It also suggests demand is real and not just a function of dumping more scooters on sidewalks. Riders are choosing these vehicles more often per unit deployed.
For riders, healthier operators tend to mean better service. That can show up as fewer broken vehicles in the app, faster swaps when a bike runs out of battery, and a lower chance your local program gets shut down on short notice. Cities also tend to extend permits to operators that look financially stable.
There’s a flip side too. As operators scale and push for more rides per vehicle, pricing and parking enforcement often get tighter. If you’ve ridden a Voi recently and noticed more no-park zones or higher per-minute rates than a couple of years ago, that’s part of the same story.
What’s Next
The next thing to watch is whether other big European operators post similar numbers. Tier-Dott and Lime both compete in many of the same cities, and a sector-wide rebound would tell a different story than one strong year from a single company.
City permit renewals are the other thing to track. Several large European markets are due to retender shared scooter and bike contracts in 2026 and 2027. Voi’s growth puts it in a stronger position to bid, but cities have been cutting the number of approved operators per market, not adding them.
For US riders watching from across the Atlantic, Voi doesn’t operate stateside. Still, what works in Europe tends to shape how Lime, Bird, and Spin run their North American programs, especially around fleet sizing and pricing.
A fuller picture should come once Voi publishes audited financials and any city-level data. Until then, the headline is straightforward. The biggest pure-play shared micromobility operator in Europe just had its best year, and ride growth is leading the way.