European e-scooter and e-bike operator Voi has signed a €150m revolving credit facility with Danske Bank, Swedbank and DNB to redeem outstanding bonds and fund fleet growth, replacing funding through the Nordic bond market with bank credit in what Voi called a new stage in its financing strategy and a sign of growing financial maturity.
Proceeds will be used to redeem Voi’s outstanding senior secured bonds, subject to customary conditions, refinance its existing unutilised revolving credit facility and invest in growing its vehicle fleet. Voi issued a conditional notice of early redemption on 29 September for all outstanding bonds, with redemption conditional on customary conditions for first utilisation under the new facility. The redemption is expected to complete on 19 October 2026 at 103.375% of nominal amount plus accrued interest, and the bonds are expected to be delisted from Nasdaq Stockholm’s corporate bond list around the redemption date.
Founded in 2018 and headquartered in Stockholm, Voi operates shared e-scooters and e-bikes in partnership with towns and cities. It has more than 200,000 vehicles across more than 130 towns and cities in 13 countries.
“The new facility gives us access to more flexible and cost-efficient financing as we continue to scale. We thank our current banks Danske Bank and Swedbank for their continued support and welcome DNB Bank on our journey ahead,” said Mathias Hermansson, chief financial officer and deputy chief executive.
Voi made its debut bond issue in October 2024 with a €50m senior secured bond under a €125m framework. The bonds had a four-year tenor, a floating interest rate of three-month Euribor plus 6.75% per year and mature on 17 October 2028, according to the listing prospectus. Proceeds were earmarked for fleet growth, refinancing existing debt and general corporate purposes.
In October 2025, Voi announced a €40m tap issue at 104.75% of nominal amount, increasing the outstanding amount under the framework to €90m, with proceeds intended for fleet expansion in 2026. In December 2025, the company announced an undrawn €25m revolving credit facility with Danske Bank and Swedbank for general corporate purposes, maturing in April 2028.
Voi reported Q2 2026 net revenue up 47% year on year to €68.8m, while net leverage fell to 1.76x from 2.41x at the end of Q1.
VNV Global, the Nasdaq Stockholm-listed investment company and a Voi shareholder since 2018, valued its 20.8% stake in the company at $105.9m as of 30 June 2026.