Uber Acquires Voi Technology For $1.2 Billion To Expand European Micromobility

Uber has agreed to acquire Voi Technology, a Stockholm-based e-scooter and bike-sharing operator, for $1.2 billion. This transaction represents a significant expansion for Uber into the European micromobility sector, integrating Voi’s fleet of over 100,000 vehicles across more than 70 cities into Uber's platform.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: $1,200,000,000
• Company Headquarters: San Francisco, California

Voi Technology was founded in 2018 and has reported a $25 million funding raise in June 2025 to support its expansion efforts. The company achieved a 38% year-over-year net revenue growth in Q1 2026. CEO Fredrik Hjelm has indicated interest in sector consolidation, aligning with Uber's strategy to develop a comprehensive mobility super-app that includes ride-hailing, delivery, and short-distance micromobility.