Voi Explores €40M Bond Issue After Revenue Jumps 27%

Micromobility company Voi Technology is evaluating a potential capital market transaction, exploring the issuance of new bonds following a period of robust financial performance. As a VNV Global portfolio holding, Voi has appointed DNB Carnegie Investment Bank as the sole bookrunner to organize meetings with credit investors, commencing October 2, 2025. The meetings aim to assess investor interest in a potential bond issuance of up to €40 million. Voi has indicated that a transaction may proceed, subject to prevailing market conditions. This announcement aligns with the release of Voi's updated financial results for the twelve months ending August 2025. Net sales reached €158 million, representing a 27% increase year-over-year. Adjusted EBITDA experienced a substantial improvement, rising over 300% to €27 million. Furthermore, vehicle profit increased by 37% to €93 million, and market EBITDA grew by 48% to €57 million. The company did not disclose the net result for the reported period. In comparison, Voi's 2024 annual report detailed a turnover of SEK 133 million and a net loss of SEK 23.7 million, an improvement from the 2023 figures of SEK 125 million turnover and a SEK 52.7 million net loss. However, the company's financial costs increased from SEK 18.6 million in 2023 to SEK 22.5 million in 2024.