Stockholm-based Voi Know-how, a micro-mobility startup that gives electrical scooters for last-mile transportation, introduced that it has laid off 130 roles throughout Europe, accounting for 13 per cent of its world workforce.
The Swedish firm says round 70 of the roles are full-time workers and the remainder are consultants, fixed-term workers, and vacant roles.
The corporate says the announcement comes because it tries to adapt to an more and more tight capital market and speed up our path to profitability.
“It is a very troublesome resolution and never one thing we take flippantly. We’re very unhappy to say goodbye to the Voiagers who go away us, and we need to thank them for serving to construct the corporate up to now. They’re extremely proficient and can be sturdy additions to any firm. They are going to be supplied severance and assist to maneuver on by means of our “All the time a Voiager” programme, and different help the place wanted,” says the corporate.
In June, the corporate laid off 35 roles, accounting for 10 per cent of the workforce, to cut back the general HQ value base. Voi additionally added that it isn’t anticipating any capital raises within the foreseeable future.
Voi Know-how: What you have to know
Based in 2018 by Adam Jafer, Douglas Stark, Fredrik Hjelm, and Keith Richman, Voi Know-how affords e-scooter-sharing companies in partnership with cities and native communities.
Voi claims to be a carbon-neutral firm since January 2020 and has adopted the United Nations’ Sustainable Improvement Targets (SDGs) as a guiding framework. The corporate additionally intends to have absolutely electrical automobiles by early 2023.
The corporate additionally says it’s going to use solely battery cells produced in Europe by 2023, leading to a 50 % decrease carbon footprint.
The Swedish firm operates in additional than 100 cities throughout Europe and the UK. In December, the corporate raised $115M (then €101.93M), bringing its complete funding to $430M.