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bolt.eu

Founded Year

2013

Stage

Series F | Alive

Total Raised

$1.971B

Valuation

$0000 

Last Raised

$709M | 9 mos ago

Revenue

$0000 

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Bolt

Bolt is an international transportation network company headquartered in Tallinn, Estonia, and operating in countries in Europe, West Asia, Africa, and Mexico. The company develops and operates a mobile application that allows people to request a taxi or private hire driver from their smartphone.

Bolt Headquarters Location

Vana-Lõuna 15

Tallinn, 10134,

Estonia

+372 634 7282

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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 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,190 items

S

Smart Cities

1,937 items

G

Grocery Retail Tech

640 items

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.

M

Mobility-as-a-Service

559 items

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.

F

Food & Meal Delivery

42 items

This collection includes dark convenience store startups that offer ultra-fast delivery to customers through hyper-localized micro-fulfillment centers.

S

Supply Chain & Logistics Tech

221 items

Bolt Patents

Bolt has filed 53 patents.

The 3 most popular patent topics include:

  • Vascular diseases
  • Hematology
  • Cardiology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/2/2021

8/2/2022

Clusters of differentiation, Immunology, Immune system, Monoclonal antibodies, Experimental cancer drugs

Grant

Application Date

9/2/2021

Grant Date

8/2/2022

Title

Related Topics

Clusters of differentiation, Immunology, Immune system, Monoclonal antibodies, Experimental cancer drugs

Status

Grant

Latest Bolt News

Uber & Bolt Face More Regulatory Travails In Kenya Than Tanzania

Sep 27, 2022

By  | September 27, 2022 In Kenya’s ride-hailing landscape, partner drivers working with Uber and Bolt are far from satisfied. In a new bout of strike and protest actions, they are expressing their discontent with the new commission charges that have been introduced on both platforms. Yesterday 26th September, these taxi drivers staged a go-slow to urge the firms to lower their fees, barely a few days after Uber and Bolt’s 18 percent commission review was supposed to start taking effect. The policy was recently introduced by Kenya’s National Transport and Safety Authority (NTSA) and affects not just Uber and Bolt, but also all ride-hailing services in the country. Uber took the case to court, citing that it will most likely restrict its revenue model’s flexibility while jeopardizing its ability to negotiate favorable commissions. The cab-hailing giant also complained the upwards amendment would have adverse effects on the demand and competitive abilities of its investment in the market. “The introduction of 18 percent as the ceiling for the allowable commission has the potential to stifle innovation and reduce the petitioner’s economic feasibility of investing in the market,” reads a document filed by Coulson Harney LLP, the legal firm representing Uber. While Bolt is yet to legally challenge the reduction or simply waiting for the ice to thaw, it is clear that it is not so eager to cut down its commission, which is why its drivers and those of its biggest rival [Uber] are taking to the streets to demonstrate. Ordinarily, Uber charges a 25 percent commission per trip, while Bolt takes 20 percent. As the regulation becomes law, these two platforms, undeniably, will have lots of restructuring to do to be in the good books of the industry’s watchdog. However, Uber would be taking the bigger blow, as it stands to shed 7 percent off, while Bolt can perhaps manage a 2 percent cut. On the drivers’ side of the development, an increase in fuel prices is also a huge factor, especially in Nairobi, where petrol now retails at USD 1.49 (KES 179.86) per liter and diesel at USD 1.37 (KES 165.37). Since Uber and Bolt are yet to effect the directed changes, drivers are displeased enough to threaten a temporary cessation of services, with reports of some going intending to go offline in the coming times. “We are asking Uber and Bolt to obey the law. Regulations were supposed to take effect on September 22. This is the backbone of our strike which started today [26th Sept] morning,” said Zachariah Mwangi, chairman of the Organization of Online Taxi Drivers and Digital Taxi Association of Kenya. Nevertheless, one player is not particularly affected. Little, a local player, charges a set 15 percent commission, lower than NTSA’s 18 percent benchmark, hence the reason its partner drivers are, apparently, not partaking in the debacle. In fact, should the situation remain unamended, it could be an opportunity for Little to win over drivers and succeed where its biggest rivals are lagging. Kenya is not the only market where the Uber-Bolt duo is facing regulatory hurdles. In the past few months, it has been just about the same story in neighboring Tanzania , where the Land Transport Regulatory Authority (LATRA) demanded commissions to be set at 15 percent. However, after months of twists, turns, and halts—Uber pulled the plug and Bolt switched to corporate-only rides— the regulators now look to redress and welcome these players back into the market with more favorable policies. Here, driver were hardly part of the narrative, as both players responded as they deemed fit to survive or operate profitably. Tanzania is a smaller market compared to Kenya, the uncontended tech node of East Africa. While the former has 15 million people, the latter has not only 22 million but also a more developed digital ecosystem [which] Uber and Bolt might not be keen to give up on. It is also important to recall that, in May, Egypt’s soon-to-be-SPAC’d bus-hailing service, Swvl, abandoned the Kenyan market in a downsizing effort forced by the global economic downturn. Most Read

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Bolt Rank

  • When was Bolt founded?

    Bolt was founded in 2013.

  • Where is Bolt's headquarters?

    Bolt's headquarters is located at Vana-Lõuna 15, Tallinn.

  • What is Bolt's latest funding round?

    Bolt's latest funding round is Series F.

  • How much did Bolt raise?

    Bolt raised a total of $1.971B.

  • Who are the investors of Bolt?

    Investors of Bolt include G Squared, Sequoia Capital, Ghisallo, Tekne Capital Management, D1 Ventures and 25 more.

  • Who are Bolt's competitors?

    Competitors of Bolt include Kune and 5 more.

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