More for Bolt App

Bolt, the leading ride-hailing app, has a been on the lead in offering personalized services to it’s clients. Recently, Bolt gained EUR 50 million venture debt facility from The European Investment Bank (EIB) to support its research and development strategies.

The intention of the funds is to improve safety, reliability and sustainability of Bolts’ services while maintaining the high efficiency of its operations. This includes investments in existing services like ride-hailing as well as personalised mobility services like food delivery.

“Mobility is one of the areas we will continue to grow and innovate for the benefit of our customers. We will invest in improving and expanding our ride-hailing technology as well as personalised mobility services like food delivery. We are thrilled to have the European
Investment Bank join the ranks of our backers as this enables us to move faster towards serving many more people in Europe and across the world, said Martin Villig, Bolt’s co-founder.

Bolt’s research and development strategy is focused in creating innovative and safe services that will enhance urban mobility and provide viable economic opportunities across the world.

“Bolt is a good example of excellence in tech and innovation. As you say, to stand still is to go backwards, and Bolt is never standing still. 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,” commented Alexander Stubb, The EIB’s Vice President.

The company pioneered safety initiatives in the industry, providing features such as the SOS button which links drivers on Bolt trips with medical and/or security emergency response team(s) at the tap of a button. In addition, the “Share your ETA” feature allows consumers to share their live trip details with loved ones.

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