Bolt operates as an international transportation network company. The company offers an all-in-one mobility application that allows users to book their rides and also provides scooter rental services, car rental services, food and grocery delivery services, and more. It was formerly known as Taxify. The company was founded in 2013 and is based in Tallinn, Estonia.
Research containing Bolt
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CB Insights Intelligence Analysts have mentioned Bolt in 3 CB Insights research briefs, most recently on May 9, 2023.
Expert Collections containing Bolt
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bolt is included in 7 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Grocery Retail Tech
Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Food & Meal Delivery
This collection includes dark convenience store startups that offer ultra-fast delivery to customers through hyper-localized micro-fulfillment centers.
Supply Chain & Logistics Tech
Bolt has filed 91 patents.
Vascular diseases, Cardiology, Hematology, Medical terminology, Implants (medicine)
Vascular diseases, Cardiology, Hematology, Medical terminology, Implants (medicine)
Latest Bolt News
Nov 21, 2023
Bolt’s CEO and founder tells Sifted about its acquisition plans and the path to an IPO Markus Villig, Bolt’s founder and CEO The micromobility sector has undergone massive consolidation in recent years as bigger players have gobbled up smaller ones. But one company that has sat on the sidelines of the M&A boom is Estonian mobility giant Bolt. The company has never done any substantial M&A. That’s not because it’s not looking — the company is constantly scouting for interesting startups to buy — but it hasn’t yet found a business that meets its high acquisition criteria, says Markus Villig, Bolt’s founder and CEO. Sifted reported earlier this year that Bolt was in late-stage acquisition talks with its German competitor Tier, news that the companies never confirmed. Bolt offers a variety of mobility services — including ride hailing, food delivery, ebikes and escooters — in 45 countries around the world, and raised a €628m Series F at a valuation of €7.4bn in 2022. Advertisement “We’ve looked at thousands of companies over the last year in the mobility sector and assessed whether it makes sense for us to acquire them,” Villig told Sifted in an interview. “We have a very high bar for M&As… We always choose: does it make more sense for us to try to build this thing ourselves, or should we acquire a company? And, so far, we’ve never met the company that we would actually want to acquire.” The strategy Villig says that the consolidation of different subsectors in the European mobility market is unavoidable — what we’ve already seen in the ride-hailing space is now likely to repeat in the micromobility sector too, he says. “These companies are all losing money. They’re unable to raise new money because investors don’t want to invest in these companies at the moment. So something needs to happen, right?” he says. “They need to consolidate, or some of them might just go out of business.” Villig says there are two options when he would consider an acquisition. The first one is a business that would offer Bolt “something unique:” a great team they couldn’t hire otherwise, hard-to-build technology, some exclusive licenses in particular cities. They haven’t come across a company with such an offer yet, Villig says. The other one is when a revenue-making company can be bought cheaply. “We just don’t see that yet,” he says. “If we look at the size of these companies relative to what price they're asking for, we just don’t think it makes sense — we can rather take that same money and invest it into growing organically.” “We’re constantly looking at opportunities, just so far we haven’t met anything that would meet our bar,” he adds. “That doesn’t mean that we will not find them.” On the way to an IPO Villig has already announced that he’s planning to make Bolt profitable next year and prepare for an IPO in 2025. So far, it’s going “really well”, he says, stressing that the company is growing across all its business lines. In 2022, the company posted a €72m loss, compared with a loss of over €547 million the previous year, according to its financial reports. On the IPO, he says he wants to be ready to go public in 2025 — but it doesn’t necessarily mean it’ll happen then. “We need to have a reason to go public,” he says. “We’re moving closer to profitability, so we’re not currently in a position where we would be somehow in need of external investors.” Advertisement Another thing that matters is market conditions, he says. “We need to see if the market appetite is going to be there, that the investors want to invest in high-growth technology businesses, what are the valuations — and then we'll decide based on that.” Despite a rather grim economic outlook across Europe, Villig says Bolt has avoided cost cuts that other startups have faced because “we also never took on this ridiculous amount of costs. We’ve actually always kept the company very frugal, and that’s why we’ve had zero layoffs in our history.” He adds he is looking into adding new services to the company’s portfolio — for example, Bolt’s partnered up with Estonia’s Starship Technologies , the maker of autonomous grocery delivery robots, a service they plan to expand in other countries — and into entering new markets. “There are a lot of things that we hope to announce over the next year,” he says. “We think we’re just getting started.” Advertisement
Bolt Frequently Asked Questions (FAQ)
When was Bolt founded?
Bolt was founded in 2013.
Where is Bolt's headquarters?
Bolt's headquarters is located at Vana-Louna 15, Tallinn.
What is Bolt's latest funding round?
Bolt's latest funding round is Secondary Market - II.
How much did Bolt raise?
Bolt raised a total of $1.971B.
Who are the investors of Bolt?
Investors of Bolt include Siena Secondary Fund, G Squared, Tekne Capital Management, Ghisallo, Sequoia Capital and 27 more.
Who are Bolt's competitors?
Competitors of Bolt include MaaS Global, Rohlik Group, Fluctuo, VOI, Wind Mobility and 7 more.
Compare Bolt to Competitors
Cabify provides a mobility platform and ridesharing company, serving customers and drivers. Its services offer taxi cars with added features such as a choice of music, magazines, and water, among others, driven by trained drivers. The company was founded in 2011 and is based in Madrid, Spain.
dott provider sustainable micro-mobility services. It offers green mobility solutions to cities and citizens via dockless shared eScooters and eBikes. The company was founded in 2018 and is based in Amsterdam, Netherlands.
goCatch is a company that focuses on providing transport and payment technology solutions in the transportation industry. The company offers a range of services including airport transfers, taxi services, private vehicle services, and goods and services delivery. It primarily serves the transportation industry. It is based in Sydney, New South Wales.
blox provides a web3 solution to decentralize power and mobility. The company develops a business-to-business (B2B) mobility blockchain platform to connect micro-mobility providers, fleet operators, public transportation, and corporate mobility managers. It also uses green-proofed blockchain technology to contribute to carbon-zero solutions. It was founded in 2021 and is based in Dublin 2, Ireland.
RideCharge, also known as Curb, operates in the transportation industry with a focus on mobile transportation solutions. The company provides a service that connects users to taxi rides, allowing them to request, schedule, and pay for rides through a mobile application. The primary customers of RideCharge are individuals in need of transportation, particularly in major cities across the US. It is based in Alexandria, Virginia.
GOGOX is a logistics and transportation platform operating in the on-demand sector. The company offers services such as real-time delivery for individuals and custom-made logistics solutions for small and medium enterprises as well as large corporations. It primarily serves the retail, e-commerce, production, and construction sectors. GOGOX was formerly known as GogoVan. It was founded in 2013 and is based in Hong Kong.