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Shared scooter startup Voi reports its first profitable year as it explores an IPO

Swedish shared micromobility giant Voi had its first profitable year in 2024, according to preliminary unaudited results the company shared exclusively

“Now we’re starting to show real cash positive financials and EBIT profitability, so we’re getting to a place where we’d be a good candidate for the public markets in, say, two to three years from now,” Hjelm said. Hjelm also noted that a business that revolves around physical assets should highlight EBIT profitability over EBITDA because it’s a metric that better captures the operational cost structure. Previously, she covered social media for Forbes.com, and her work has appeared in Bloomberg CityLab, The Atlantic, The Daily Beast, Mother Jones, i-D (Vice) and more.

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