Bolt was founded in 2013 by Markus Villig, Martin Villig, and Oliver Leisalu. Previously known as Taxify, Bolt is a transportation platform that provides ride-hailing, micro-mobility, package delivery, and scooter-sharing services. Bolt offers quality service and low operating costs and their prices are standard worldwide. The IFC Funding will target Europe, Ukraine, Africa, and other countries. Furthermore, the mobility company is piloting a ‘Women Only’ ride-hailing category in South Africa. This new service aims to address safety needs and improve women’s mobility by connecting female drivers with female passengers. The fresh round of investment will let IFC support Bolt’s ongoing work to empower women riders and drivers by improving their access to safe and affordable transportation and creating new economic opportunities. This is such a great move and we hope many more new services will be delivered.
Bolt Gets Funding from World Bank worth(R365M)