Estonian ride-hailing startup Bolt is now valued at $4.75 billion after raising $713M to foray into on-demand grocery delivery

Funding Rounds

▤ Summary

Just like ZipCar and Drivy, the new car-sharing service enables customers to rent a car on demand for a brief period via the Bolt app, which can also be used to hail a taxi, rent bikes, and e-scooters, as well as to order food. The latest round was led by Venture capital firm Sequoia and fund managers Tekne and Ghisallo, with participation from existing investors G Squared, D1 Capital and Naya increased their holdings. We dropped over 80% as all the cities went into lockdown and ride-hailing was still the core business,” Bolt CEO and founder Markus Villig said on Monday In December 2020, the Estonian ride-hailing startup closed €150 million to improve the safety of its platform with facial recognition for its driver and prevent accidents using AI. In March 2019, Taxify rebranded as Bolt to expand its transport options beyond private cars. In 2020 alone, Bolt has already expanded our scooter operations to 45 cities in over 15 countries, including Sweden, Norway, and Portugal.

$ Funding

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Amount $712.4M Total raised
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Date August 2, 2021 Announcement date
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Investors - Lead investors
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Company http://www.bolt.eu Funded company

▥ Classifications

industries
Fintech & Banking
applications
E-Commerce & Retail

◇ AskAI Classifications

Labels
Fleet Management Software Mobility Software SaaS

▦ Linked Companies

Bolt
$100M to $250M