Voi CEO Fredrik Hjelm says he is open to acquisitions and names Bolt’s micromobility business as a target on his wishlist. He argues that Bolt’s ride-hailing, delivery, and rental super-app model does not necessarily translate into strong micromobility operations, where local riders prioritize affordability and user experience. Voi reports $17.9 million in adjusted EBITDA for 2024, while Bolt has not disclosed micromobility financials; Hjelm does not confirm whether talks are underway, and Bolt has not said its scooter and bike business is for sale.
Electric scooter company Bird files for bankruptcy
Bird, the electric scooter company, files for Chapter 11 bankruptcy after a turbulent year. The company says it has entered a financial restructuring process aimed at strengthening its balance sheet and will continue operating as normal while pursuing long-term, sustainable growth.