Bolt launches second edition of Women in Tech internship program

KENYA – On-demand transport platform Bolt has rolled out the second edition of its Women in Tech internship program in Kenya. Launched in 2021, the programme dubbed #Drive4WITech aims to train, mentor and empower young women seeking to jumpstart their careers in the tech space regardless of their fields of study. Participating women get access to Top Bolt executives with…

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Ride hailing company Bolt secures US$719m for its expansion into new geographies

GLOBAL – Bolt, an Estonia-based startup that operates on-demand ride hailing, shared cars and scooters, as well as a restaurant and grocery delivery service, has announced that it has raised €628 million (US$719.93m) in a new funding round. The round was led by Sequoia Capital and Fidelity and was also backed by Whale Rock, Owl Rock and some of Bolt’s…

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Bolt to expand electric vehicle option in South Africa

SOUTH AFRICA – On-demand transport firm Bolt is set to roll out electric taxi options in South Africa, four months after introducing e-bike food delivery services in the country. Bolt’s plan follows the introduction of a ‘green category’ – which lets riders hail an electric or a hybrid vehicle with the move coming as the company expands its services to environmentally friendly…

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Bolt raises US$712.6m to help accelerate growth across Africa and Europe

AFRICA – Ride-hailing company Bolt, has raised US$712.6 million in its latest round increasing the company’s valuation to more than US$4.75 billion. The company says it will use the funds to accelerate the expansion of its existing mobility and delivery products across its African and European markets.  The funds were raised from new investors including Sequoia, Tekne and Ghisallo, as…

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Bolt Food South Africa expands into Johannesburg as it guns for rivals

SOUTH AFRICA – Bolt Food South Africa, the food delivery arm of ride-hailing firm Bolt, is eyeing expansion into Johannesburg as it readies to take on main competitors Uber Eats and Mr D Food. The food delivery app, which launched in Cape Town during the onset of the COVID-19 lockdown in 2020, says it has experienced 50% month-on-month growth in…

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Ride-hailing platform Bolt introduces electric tuk-tuks, bikes and bicycles in Kenya

KENYA – On-demand ride hailing platform Bolt has introduced electric tuk tuks, and e-bicycles on its platform as the company expands its greener transport options in Kenya in the food category. The initiative is geared towards reducing Bolt’s environmental footprints, at the same time fulfilling the demand for light, smart and green modes of transport and also serves to eliminate…

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E-hailing firm Bolt gets US$23.8m capital injection from IFC for Africa, Eastern Europe expansion

SOUTH AFRICA – E- hailing service provider Bolt has received a US$23.8 million capital injection from the International Finance Corporation (IFC), to expand mobility solutions that create earning opportunities, improve access to transportation, and stimulate entrepreneurship in African and Eastern European markets. The IFC investment will be directed towards Eastern Europe, including Ukraine, and African markets, such as Nigeria and South Africa,…

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Taxi hailing firm Bolt raises US$180.9m, to launch e-scooters

KENYA – Taxi hailing services company Bolt Kenya, is set to launch e-scooter rental business and expand to smaller towns and peri-urban centres in Kenya after raising US$180.9 million US private equity firm D1 Capital Partners. Bolt Kenya country manager Olaoluwa Akinnusi said the company will expand its network beyond the 16 urban centres it currently operates and introduce the…

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