Bolt (formerly Taxify) is a transportation network company (ride-hailing app) for requesting a fast and affordable ride.
Bolt develops and operates the Bolt mobile application, which allows people to request a taxi or private driver from their smartphone, as well as electric scooters.
Bolt (then called Taxify) was founded in August 2013 by Markus Villig and and headquartered in Tallinn, Estonia. As of February 2019, Bolt operates in 33 countries and more than 50 cities in Europe, Africa, North Africa, West Asia, North America and Australia. The company has 25 million customers globally and more than 500,000 drivers use the platform to offer rides.
Bolt operates their app, which enables people to hail rides from their smartphones. The application is available for Android, iOS and Windows Phone. Riders must choose a payment method: cash, credit card or mobile carrier billing before they can use the service.
Bolt is one of the fastest-growing startups in the world with over 25M happy customers in 30+ countries, from Europe to Mexico to Africa. They’re building the future of transport – one platform that helps you move around in your city and get food delivered fast.
Bolt's investors include Daimler, Didi Chuxing, Creandum, European Investment Bank, G Squared, Naya Capital Management, Superangel and others. The company raised €100M ($109M) in a new round of funding on May 26, 2020. This new round brings Bolt's total funding to $409.4M to date. The latest round gives the company a €1.7B ($1.9B) valuation, up from its last $1B+ valuation on May 30, 2018.
Bolt is the first transportation app in the world to allow customers to pay for their trips via mobile carrier billing. Bolt became the #2 travel app in South Africa, and #1 travel app in Kenya and Nigeria in 2017, became the leading ride-hailing platform in Africa in 2018, Reached 10 million customers in May 2018.