Bolt

Name

Bolt

Legal name

Bolt Technology OÜ

Website

https://bolt.eu

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Ride-Hailing Commission: Bolt charges drivers a commission (stated at approximately 20% in Lagos, 21% in Abuja) on each ride fare, with drivers retaining over 75% of a typical fare. Commissions are capped at 18% in Kenya per local regulation.
2. Food and Grocery Delivery Commission: Commission-based revenue from Bolt Food restaurant delivery and Bolt Market grocery delivery orders; Bolt Food has expanded into on-demand retail through partnerships such as QuickMart Supermarkets in Kenya.
3. Scooter and E-Bike Rental Fees: Distance-based pricing for shared scooter and e-bike rides, including the Bolt 7 scooter platform, with operations in cities such as Liverpool, Brussels (until 2027 ban), and Kensington & Chelsea.
4. Subscription (Bolt Plus): Subscription-based membership offering benefits such as discounted rides, priority service, and other perks for frequent riders.
5. Car-Sharing Rental Revenue (Bolt Drive): Revenue from Bolt Drive car-sharing service offering high-quality car rental made easy through the Bolt app.
6. Corporate Mobility Revenue (Bolt for Business): B2B revenue from corporate clients through centralized billing, automated expense reporting, configurable spending limits, work profiles, and embedded ride booking; including the Hopp for Business Canadian corporate mobility product.
7. Embedded Investing & Financial Services: Revenue from embedded brokerage and investment services (stocks, ETFs, automated portfolio management) integrated into the Bolt SuperApp via the Atomic partnership, positioning Bolt as a hub for commerce and wealth management.
8. Branded Consumer Products: Revenue from branded consumer products such as "Kebab Water," a functional beverage developed with Tallinn University of Technology and sold via Bolt Food channels.

Pricing tiers

Go-to-market motion6 records

Distribution channels7 records

Marketing channels8 records

Core offering

Bolt operates a European mobility super-app that connects riders with independent driver, courier, and merchant partners for on-demand ride-hailing, shared electric scooters and e-bikes, car-sharing, food and grocery delivery, and parcel delivery within a single mobile application. The platform supplements mobility with embedded fintech — including tokenized payments, BNPL via Klarna, and embedded investing via Atomic — and is building toward an autonomous mobility service via partnerships with NVIDIA, Pony.ai, and Stellantis.

Product overview

Bolt operates as a European mobility super-app platform-plus-modules architecture, integrating multiple discrete products within a single application. The core ride-hailing service (Bolt Rides) is augmented by micro-mobility offerings including Bolt Scooters (with the next-gen Bolt 7) and Bolt E-bikes, alongside delivery services spanning Bolt Food for restaurant meals and Bolt Market for groceries. Bolt Drive provides car-sharing while Bolt for Business offers corporate mobility including the recently-launched Hopp for Business sub-brand in Canada. Additional modules include Bolt Plus (subscription tier), Bolt Send (parcel delivery), and emerging verticals like embedded investing via Atomic and embedded finance partnerships (Klarna, Solidgate). The platform is also pursuing autonomous mobility through the Luxembourg pilot with Pony.ai, Stellantis, and NVIDIA, targeting 100,000 autonomous vehicles by 2035.

Differentiator

Problem solved

Functional benefit

Brands

• Bolt Drive: Car-sharing service offering high-quality car rental made easy through the Bolt app.
• Bolt Food
• Bolt Market
• Bolt Plus
• Bolt Send
• Hopp
• Bolt for Business

Products and services

• Bolt Rides Flagship on-demand ride-hailing service enabling users to request car rides in seconds across 850+ cities and 50+ countries via the Bolt mobile app, with built-in safety features such as the High-Risk Location Flagging System, multi-stage identity verification, in-app emergency button, and driver-side verification checks.
• Bolt Scooters (Bolt 7) Shared electric scooter service featuring the next-generation Bolt 7 scooter with a fully integrated display, navigation, real-time parking guidance, stronger safety features, and built-in AI systems to help reduce pavement riding; deployed in cities including Liverpool, Brussels, and Kensington & Chelsea.
• Bolt E-bikes Shared electric bike rental service including solar-assisted e-bikes, providing sustainable micro-mobility options across multiple cities with distance-based pricing.
• Bolt Food Food delivery platform connecting users with restaurants and couriers; expanded in 2026 into convenience retail through the QuickMart Supermarkets partnership in Kenya, giving customers access to over 12,000 products across 60+ stores for rapid doorstep delivery.
• Bolt Market On-demand grocery delivery service providing essential items from local stores; originally launched across 10 European countries with the €600M Series E funding in August 2021.
• Bolt Drive Car-sharing service providing high-quality car rental made easy through the Bolt app, allowing users to rent vehicles for short- or medium-term use via the platform.

Quantifiable outcome

• Drivers retain over 75% of fares on a typical N5,000 ride in Nigeria
• +10 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability4 records

Feature8 records

Partnerships

17 partnerships are on record, tiered flagship, minor and core.

• KlarnaflagshipTechnology or Integration · 17 June 2026Integrated Klarna's "pay in full" and monthly installment BNPL options into the Bolt app across Sweden, Germany, Finland, and Norway using tokenized payments, with full availability by end of June 2026. Klarna has 119M+ active users worldwide.
• IOM MaltaminorOthers · 15 June 2026Bolt Urban Fund partnership with IOM Malta to support couriers and drivers (referenced in Bolt Blog).
• Pony.aiflagshipStrategic or Co-development Partner · 9 June 2026Three-way partnership with Bolt and Stellantis for an autonomous mobility pilot in Luxembourg using Pony.ai's seventh-generation autonomous driving system in Stellantis Peugeot e-Traveller vehicles; targets driverless readiness by end of pilot and aligns with Bolt's goal of deploying 100,000 autonomous vehicles by 2035.
• StellantisflagshipStrategic or Co-development Partner · 9 June 2026Joint autonomous mobility pilot with Bolt and Pony.ai in Luxembourg using Stellantis's L4-Ready Platform midsize van (Peugeot e-Traveller); part of Stellantis's L4-Ready Platforms strategy to develop Level 4 autonomous transport in Europe, with deployment targeted for 2029.
• QuickMart SupermarketscoreChannel Partner/ Reseller/ Distributor · 4 June 2026On-demand retail partnership giving Bolt Food customers access to over 12,000 products across more than 60 QuickMart stores in Kenya for rapid doorstep delivery; marks Bolt Food's strategic shift from food delivery to broader convenience platform.
• Dongfeng Motor GroupcoreTechnology or Integration · 19 May 2026Deal to launch an electric-vehicle fleet in South Africa managed by Yugo Rides; initially offering Dongfeng's Box hatchback and premium 007 model in Cape Town, with phased approach due to charging infrastructure limitations.
• YugoRidecoreChannel Partner/ Reseller/ Distributor · 19 May 2026Fleet provider partnership to launch electric vehicle category in Cape Town, with plans to scale to 500 EVs by end of 2026, then expand to Johannesburg; aligns with the City of Cape Town's goal of carbon-neutrality by 2050.
• BWT Alpine Formula One TeamminorGTM or Marketing Partner · 1 May 2026Sponsorship / brand partnership featuring Paul Aron as test and reserve driver to promote Bolt brand visibility through Formula 1.
• SolidgatecoreTechnology or Integration · 16 April 2026Cyprus-based payments orchestration platform supporting Bolt's payment processing across 50+ countries and 850 cities; helping reduce card processing costs and expand into new currencies and regions.
• M-KopaminorChannel Partner/ Reseller/ Distributor · 23 March 2026Vehicle financing partnership in Kenya enabling drivers to acquire vehicles as part of bundled services responding to the 18% commission cap.
• ShellminorChannel Partner/ Reseller/ Distributor · 23 March 2026Fuel-discount partnership in Kenya providing drivers discounted fuel as part of bundled services responding to the 18% commission cap.
• Bastion Health LimitedminorOthers · 17 March 2026Partner offering affordable and flexible health plans through a pooled health insurance programme for Bolt drivers in Nigeria, addressing welfare gap in Nigeria's gig economy.
• NVIDIAflagshipTechnology or Integration · 16 March 2026Partnership to integrate NVIDIA's DRIVE Hyperion platform, DRIVE AGX Thor processors, and AI infrastructure (foundation models, Cosmos, Omniverse) with Bolt's operational data across 850+ cities and 200M customers, building a European-led AV platform independent of US and Chinese technology.
• FleevigominorChannel Partner/ Reseller/ Distributor · 21 February 2026Malta-based EV startup that deployed first 80 electric bikes in Nairobi on October 21, 2025; partners with Bolt for ride-hailing integration.
• Dubai Taxi Company (DTC)flagshipStrategic or Co-development Partner · 19 February 2026Strategic alliance integrating DTC's taxi fleet onto the Bolt platform in Dubai, expanding fleet to over 10,000 taxis; supports Dubai Government's target of converting 80% of street hailing trips to e-hailing. E-hailing trips grew 24% YoY to 20.8 million in FY2025.
• National Taxi LLC (Dubai)coreChannel Partner/ Reseller/ Distributor · 19 February 2026Integrated 1,823 National Taxi vehicles onto the Bolt platform via DTC partnership, expanding digital ride-hailing fleet capacity in Dubai and supporting 80% e-hailing conversion target.
• AtomiccoreTechnology or Integration · 4 February 2026Embedded investing integration into the Bolt SuperApp, enabling users to trade stocks, ETFs, and access automated portfolio management without leaving the platform.

Scale indicators18 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Uber Technologies: Global ride-hailing, food delivery, and freight super-app; directly competes with Bolt across rides, food/grocery, and corporate mobility, and is Bolt's primary global competitor across most of its 50+ markets.
• Lyft: North American ride-hailing and shared mobility platform with similar product breadth (rides, scooters, bikes, B2B); comparable in business model and target market for Bolt's Hopp brand in Canada.
• Grab Holdings: Southeast Asian super-app offering rides, food delivery, and embedded fintech; the closest analog to Bolt's super-app strategy with comparable multi-product bundling and driver/fleet economics.
• GoTo Group (Gojek): Indonesian super-app combining ride-hailing (Gojek) with on-demand delivery (GoFood) and payments (GoPay); closely matches Bolt's platform-plus-modules architecture and emerging-market focus.
• Didi Global: Chinese-origin global ride-hailing platform and Bolt investor (2017/2018); directly competes in cross-border markets and AV strategy, with comparable scale and internationalization ambitions.
• Yandex Go: CIS-region ride-hailing and mobility super-app spun from Yandex; competes with Bolt in select Eastern European and CIS-adjacent markets with a comparable multi-service model.
• Careem (Uber): Middle East/North Africa ride-hailing and delivery super-app, now Uber-owned; directly competes with Bolt across the MENA region, particularly in markets like Dubai/Abu Dhabi where both operate.
• Rappi: Latin American delivery and financial services super-app operating across Mexico, Brazil, Colombia, and Argentina; matches Bolt's emerging-market super-app archetype with delivery-led monetization.

Broad incumbents

• Delivery Hero: Global food delivery marketplace operator (owning Foodora, Glovo, etc.) overlapping with Bolt Food in Europe and emerging markets; larger incumbent in the food vertical but does not compete in ride-hail.

Emerging players

• Waymo: US-based autonomous mobility service and Bolt's competitor for the future AV ride-hail market; overlaps with Bolt's NVIDIA/Pony.ai/Stellantis AV roadmap and 2035 deployment ambition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Boltapp
• Facebookfacebook.com/Bolt
• LinkedInlinkedin.com/company/bolt-eu

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds21 records

Investors46 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bolt