January 16, 2020
Bolt is delighted to announce that we’ve entered into a €50 million quasi-equity facility agreement with the European Investment Bank (EIB), the European Union’s long-term lending institution.
We plan to invest this funding into improving and expanding our ride-hailing technology and personalised mobility services, like food delivery. The funding will also enable us to move faster when it comes to serving more people across Europe.
The European Investment Bank is the European Union’s nonprofit long-term lending institution. It’s a “policy-driven bank”, owned by the individual member states of the EU. The EIB primarily funds programmes that are focused on bringing about greater European integration and social cohesion.
We’re honoured to have agreed this long-term partnership agreement with the EIB, an official institution of the EU. We’re excited to use this funding to continue to improve the lives of millions of people all over the globe.
Back in 2013, Bolt started business in the very small Baltic State of Estonia, with a handful of young and talented individuals, each with a dream of making urban travel easier, faster and more reliable.
Today, one of Europe’s leading unicorn companies, Bolt operates one of the fastest-growing transportation platforms in Europe and Africa. With a presence in over 35 countries and in more than 150 cities, Bolt currently has the second-largest footprint of any ride-hailing company on the planet.
On the announcement of the funding, the EIB’s Vice President Alexander Stubb stated, “Bolt is a good example of European excellence in tech and innovation… The Bank is very happy to support the company in improving its services, as well as allowing it to branch out into new service fields. In other words, we’re fully on board!”
Exciting times ahead!
That small but mighty team from 2013 is now 1,400 strong, would you believe? We’re always on the look-out for the best and brightest minds to join us. Take a peek at what it’s like to work at Bolt, then check out our Careers page. If you think you can help us build the future of transportation, we want to hear from you!