Bolt, a start-up from Estonia, is revolutionizing the transportation industry by offering taxi and food delivery services. With revenue exceeding 2 billion euros in the past 12 months, Bolt operates in over 50 countries, including Thailand, predominantly in Europe and Africa. CEO Markus Villig revealed that over 20 markets where the company operates are leading the market share. Bolt currently provides services for taxis, scooters, electric bike rentals, as well as food and supermarket deliveries. Villig also expressed strong optimism regarding the trend of autonomous driving cars, deeming it a crucial opportunity for ride-hailing apps due to their advanced understanding and implementation in the industry.
Founded in 2013, Bolt’s latest valuation stands at around 8 billion dollars, with a recent funding injection of 628 million euros in January 2022. Villig hinted at the company’s plans for an initial public offering (IPO) by 2025.
Source: Reuters
TLDR: Bolt, a leading start-up from Estonia, has exceeded 2 billion euros in revenue in the past year through its innovative taxi and food delivery services. CEO Markus Villig foresees significant potential in autonomous driving cars and hints at a future IPO in 2025.
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