E-scooters put Swedish startup on road to positive cash flow


  • TECH
  • Tuesday, 09 Jul 2019

Electric scooters from Swedish startup VOI and Belin-based Tier sit parked side-by-side in Stockholm, Sweden July 7, 2019. Picture taken July 7, 2019. REUTERS/Esha Vaish

STOCKHOLM: Growing numbers of young people whizzing around Europe’s big cities on electric scooters may represent a nightmare for some pedestrians and motorists, but for Swedish sharing startup VOI they offer a path to positive cash flow. 

VOI co-founder and chief executive Fredrik Hjelm said safety was an important consideration and VOI had drawn up a code of conduct with the authorities in Stockholm for all operators after a fatal accident involving an e-scooter. 

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