Bolt secures €628M funding in the largest investment round to date

We’re extremely excited to announce the closing of our latest €628M round of funding — our largest to date. This funding round will help us accelerate our mission to help cities transform urban areas into sustainable, people-friendly spaces and further help people move around safely, affordably and conveniently.

The investment round was led by Sequoia and Fidelity Management and increased Bolt’s valuation to €7.4B.

Rebuilding cities for people, not cars

For the past 8 years, we’ve consistently striven to prove the point that owning a personal car is no longer a necessity. 

We’ve done so through expanding our ecosystem of products, from ride-hailing, e-scooter and e-bike rental, to car-sharing, food and grocery delivery.

This round of funding — the biggest in Bolt’s history — will help us build a future in which cities need fewer parking spaces, have less congestion and lower emissions, and where people can easily move around in a safe and sustainable way.

“For decades, cities have been built for private cars, rather than the people living and working in them. At Bolt, we think this approach is outdated, which is why our mission is to create cities for people, not cars.

“We’ve developed products that offer better and more affordable alternatives for almost every purpose a private car serves. We’re committed to working with cities to help people make the switch towards shared mobility options like ride-hailing and light vehicles to transform urban areas into sustainable, people-friendly spaces.”

Markus Villig, Founder and CEO, Bolt

Expanding other product lines

We will also use these funds to expand and further improve our full suite of mobility and delivery products, which are currently used by more than 100 million customers in 45 countries and over 400 cities across Europe and Africa. 

One example is Bolt Market, one of our newest products, developed and launched during the pandemic and already operating dozens of stores in ten countries across Europe. This new investment will help us accelerate its expansion rapidly in 2022 as we plan to have hundreds of stores operational by the end of the year.

Inspired? Join the ride!

More than 100 million customers across the world have already joined us in our mission. If you’re not among them yet, download the Bolt app for free and get wherever you’re going safely, sustainably and affordably!
If you feel like you can contribute to one of the fastest-growing technology companies in Europe — check our vacancies and join our highly-talented, passionate, and extremely fun team!

Press
Author: Press