Bolt (formerly known as Taxify), an Estonian transportation platform that focuses on urban travel, received an investment from venture capital firm NordicNinja VC.
The amount of the deal was not disclosed.
The company intends to use the funds to continue to expand operations and its business reach.
Launched in 2013 by Markus Villig, Bolt is a transportation platform providing ride-hailing and scooter sharing services with more than 25 million users in over 30 countries globally including Australia, Austria, Azerbaijan, Croatia, Cyprus, Czech Republic, Estonia, Finland, Georgia, Ghana, Hungary, Iraq, Kazakhstan, Kenya, Latvia, Lithuania, Malta, Mexico, Nigeria, Poland, Portugal, Romania, Russia, Sudi Arabia, Serbia, Slovakia, South Africa, Spain, Sweden, Tanzania, Uganda, Ukraine, and UK.
Investors in the company also include Daimler, Didi Chuxing, Korelya Capital and TransferWise co-founder Taavet Hinrikus.
NordicNinja VC is a €100m firm focused on investing in growth stage companies to grow in the New Nordics (Nordic and Baltic region) and develop business opportunities in Japan. Started operating in January 2019, it is backed by Japanese blue-chip companies Honda, Omron, and Panasonic, as well as the Japan Bank for International Cooperation.