Uber has agreed to acquire Stockholm-based e-scooter and bike-sharing company Voi Technology for $1.2 billion, marking the ride-hailing giant’s largest move yet into European micromobility. The deal would integrate Voi’s fleet of over 100,000 vehicles operating across more than 70 European cities into Uber’s platform.
An Acquisition Spree Continues
The reported acquisition extends what has been a relentless buying streak for Uber in 2026. The company acquired parking platform SpotHero in February, announced plans to buy Berlin-based chauffeur service Blacklane in March, and completed a takeover of Hong Kong’s FlyTaxi on May 1. The Financial Times has calculated that Uber has committed more than $10 billion this year toward autonomous vehicles and equity stakes in related companies.
Voi, founded in 2018, has been on a strong growth trajectory. The company reported record revenues and ridership in the first quarter of 2026, with net revenue growing 38 percent year over year. In June 2025, Voi raised $25 million to fuel expansion and its CEO Fredrik Hjelm publicly expressed interest in acquiring Bolt’s micromobility business.
Competitive Landscape Heats Up
The deal arrives at a pivotal moment for micromobility. Lime, an Uber-backed competitor, filed its registration statement for an initial public offering on the Nasdaq on May 8, signaling that public markets may be warming to the sector. The merged Tier-Dott entity already claims to be Europe’s largest shared micromobility operator, and the Voi acquisition would give Uber a direct challenger to that position.
Uber previously sold its own Jump e-bike and scooter business to Lime in 2020, making this deal a return to direct ownership in micromobility after years of maintaining the relationship through its equity stake in Lime.
Broader Strategy
The acquisition fits Uber’s stated ambition to become an all-in-one transportation platform. The company has been expanding into food delivery across seven new European markets in 2026, partnering with Zoox for robotaxi deployment, and increasing its stake in Delivery Hero. Adding Voi’s established European micromobility network would give Uber a multimodal offering spanning ride-hailing, autonomous vehicles, premium chauffeur services, parking, and now short-distance electric scooters and bikes.
