In January 2022, Bolt raised €628 million from investors led by Sequoia Capital and Fidelity Management and Research Co, taking the company's valuation to €7.4 billion. Īs of 2021, Didi Chuxing was no longer an investor in Bolt. In August 2021, Bolt raised €600 million from Sequoia Capital increasing the valuation of the company to over €4 billion. The company was valued at more than €2 billion after this fund raising round. In March 2021, Bolt raised €20 million from IFC, a World Bank Group member, for further expansion in emerging markets. In December 2020, Bolt raised €150 million from venture capital funds. This includes investment in existing services such as vehicle for hire and food delivery, as well as the development of new products. The financing, supported by the European Fund for Strategic Investments (EFSI), is to boost Bolt's product development in areas where technology can improve the safety, reliability and sustainability of its services. In January 2020, the European Investment Bank (EIB) signed a EUR 50 million venture debt facility with Bolt. A May 2018 funding round with a $175 million investment from Daimler, Didi and others led to a 1 billion dollar valuation for the company, making it a unicorn. In August 2017, Didi Chuxing invested an undisclosed amount believed to be an "eight-figure U.S. Prior to announcing a strategic partnership with Didi Chuxing, Bolt had raised over €2 million in investment capital from Estonian and Finnish angel investors. Financing Ī group of deliverymen for Bolt Food in Bucharest, Romania In September 2021, Bolt launched a rapid grocery delivery service, Bolt Market.
Bolt Drive launched in Tallinn, Estonia, and has since expanded to three more countries - Latvia, Lithuania, and France. In May 2021, Bolt launched a car-sharing service, Bolt Drive. In March 2019, and in 2020, Bolt was ranked third in the FT 1000: Europe's Fastest Growing Companies published by the Financial Times. The Green Plan goals include offsetting Bolt's contribution to the CO₂ emissions of the European transportation sector by at least 5 million tonnes by 2025 and adding more green vehicles for passengers to choose from. In September 2019, Bolt announced its "Green Plan", an initiative to reduce the ecological footprint of the transportation industry and Bolt as a company.
Bolt Food launched in Tallinn, and has since expanded to over 80 cities across 20 countries with over 30,000 partners restaurants using the platform. In August 2019, the company rolled out its food delivery service, Bolt Food. After launching scooters in Paris, Bolt expanded its micromobility operations across Europe.Īs of February 2023, Bolt is the largest micromobility operator in Europe with operations in 260 cities across 25 countries in Europe and 245,000 shared vehicles available for rental. In September 2018, the company announced it was expanding into micromobility services (scooter and e-bike rental).
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