Bolt’s South African Partner MyNextCar Secures $10M to Expand Low-Cost Fleet - Launch Base Africa
Summary
MyNextCar raised $10 million in its first funding round to expand its vehicle fleet for Bolt Lite in South Africa. Emso Asset Management led the round, and Bolt, E2 Investments, and Assemble Capital also backed the deal. The company plans to add 1,500 vehicles over the next year to help more drivers earn income on the Bolt platform. The expansion aims to strengthen Bolt’s low-cost ride-hailing position and make rides more affordable for consumers.
Funding
Amount
$10.0M
Total raised
Date
June 9, 2025
Announcement date
Investors
Emso Asset Management, Bolt
Lead investors
Company
https://www.mynextcar.io
Funded company
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