Bolt (formerly known as Taxify), a Tallinn, Estonia-based ride-hailing company, raised $713m in funding.
The round, which post-money valued the company at $4.75 billion, saw the participation from The funds were raised from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya.
The company intends to use the funds to boost its new grocery delivery service, Bolt Market, and accelerate its expansion of existing mobility and delivery products.
Founded by Markus Villig in 2013, Bolt is a mobility platform focused on providing services ranging from ride-hailing to micromobility — with scooters and electric bikes — to food and package delivery. The company has more than 75 million customers in over 40 countries.
Bolt Market will be launched in 10 European countries over the next few months, including the Baltics and Central Europe, Sweden, Portugal, Croatia, and Romania.
All Bolt rides in Europe are carbon-neutral as part of Bolt’s Green Plan, a long-term commitment to reduce the ecological footprint of the company. Read more about the funding on Bolt’s blog.
FinSMEs
03/08/2021