Voi CEO says it is open to acquire Bolt’s Micromobility

Voi CEO says it is open to acquire Bolt’s Micromobility

Micromobility Voi start searching for acquisitions. On the list of the Wishes of the CEO of Friedrich, he attacked Bolt, which is the famous European mobility application known for riding.

It is not necessarily the exhibition for sale for sale – although talking about it VOI purchasing the company Scooter and bike arm. Bolt refused to comment when Techcrunch continues.

“Bolt is a great company, but it is mainly horseback riding Hijelm told Techcrunch on the stage in Micromobility Industries round table in Brussels, where Bird Co-CEO Michael Washinushi joined him and CEO of Dott/Tier Henri Moissinac.

The Bolt’s challenge said that it should be “very good in many vertical.” Regardless of riding a ride, grocery Bolt provides food delivery, as well as car rental.

“Micromobility is very difficult, and has the side of the devices, but there is no effect on the network like how to connect food and ride ride [can lead to] Grocery delivery, as well.

He pointed out that most people who pick up an electronic berth or an electronic bike are locals who give priority to the experience and the ability to afford costs rather than the ability to use a “super application” such as the jump.

When providing an example of cyclists who use Micromobility services because they get to know the brand – and they may not want to download another application – stick to this thesis. Hjelm said he does not believe that the brand recognition is sufficient to compensate for a worse user experience.

Of course, there are no data proving that VOI provides a better user experience than Bolt. This did not prevent others from the painting from joining the bombing pile.

“Bolt uses the price as a loss leader,” said Washinushi’s Bird, referring to Bolt’s ability to rely on revenues from her other operations to develop her small business in a loss. “They reduce the price, and so they gain the installations. My sense is that they do not invest in … really good processes in Micromobility.”

Washinushi note that birds, as well as Dott and VOI, are used a lot of data for balance.

He said: “You can empty thousands of vehicles and I hope people will get horseback riding, or you can … put half of these vehicles in the right place and the right time to improve horseback and improve the price.” “This [how] The work has already evolved during the past two or three years … this, for us, makes it a very sustainable self -sustainable company. ”

In 2024, Bird said she made a modified EBITDA profitability of $ 19 million – a complete achievement for the company that had it. to cross out From the stock market and progress Bankruptcy Two years ago. Voi also achieved The first profitable year Last year with a modified Ebitda worth $ 17.9 million.

Bolt did not share the financial numbers of her Micromobility. In November 2024, the company said it struck $ 2.11 billion in annual revenue Through her business units, but she did not share the amount of what he lost. according to Local reportsBolt recorded revenues of about $ 2 billion in 2023, on an operational loss of $ 108 million.

TECHRUNCH tried to follow up on Wednesday with HJELM about why he wanted to get a Bolt and whether he was talking to the company.

He replied, “I am not reuniting the Swedish mafia and I will think of Bolt tomorrow.”

Techcrunch will update this story if Hjelm has more to say in this regard.

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