Bolt closes €150m round of funding

December 16, 2020

Bolt closes €150m investment round

We’re very excited to announce that we’ve finalised our largest ever round of funding! This €150m investment will help us further enhance the safety and quality of our products and services.

The investment was led by D1 Capital Partners, and also included Darsana Capital Partners.

A new standard of quality and safety in urban mobility

We already offer a number of safety features to ensure that both riders and drivers are safe while using our ride-hailing apps. These features include an SOS button, designed to let users contact emergency services quickly if needed; and a “Share Ride Info.” button, allowing riders to inform friends and family of their location and expected time of arrival.

Continuing the safety theme, earlier this month, we unveiled our 4th generation scooter, developed by 100% in-house.

This scooter is now the safest scooter model on the market, thanks to unique sensors that detect unsafe riding patterns. It has also been optimised to provide extra stability and safer manoeuvring.

With this new investment, we’re planning to add even more functionalities to our products and services designed to further enhance their safety.

A note from our CEO

“Despite the effects of the COVID-19 pandemic, Bolt has seen immense growth in the past year. We have almost doubled our number of customers and launched our services from ride-hailing to micromobility and food delivery in 50 new cities.

Millions of customers already love Bolt for our affordable prices and fast service. In 2021, we are doubling down to be the industry leader in safety and quality of the platform. We’re planning to launch even more innovative solutions like driver face verification and automatic trip monitoring, using machine learning to prevent potential incidents and ensure the highest quality service for our customers.”

Markus Villig, CEO @ Bolt

Join the Bolt movement

Our mission is to make ride-hailing, micromobility and food delivery affordable and accessible for everyone.

If you want to join us on our journey, download the bolt app and get going!

If you think you can help us continue to raise the bar for urban mobility in 2021 and beyond, check out our Careers page — we’re hiring! ⚡

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