Voi announced a $115 million Series D funding round led by The Raine Group and VNV Global.

Voi, a Stockholm, Sweden-based provider of on-demand scooters, announced a new funding round, series D, closed at $115 million.

The money was raised from investors led by The Raine Group and VNV Global, joined by Inbox Capital, Nordic Ninja, Stena Sessan, Kreos Capital, Ilmarinen, Nineyards Equity and ICT Capital.

VOI Technology was founded in 2018 by Adam Jafer, Filip Lindvall, Douglas Stark and Fredrik Hjälm (CEO) with the aim to create an affordable system of electrically powered scooters for urban commuters. It previously raised $363 million, with series C closed at $205 million in two tranches - one in 2020 and the other in 2021.