Bolt, a leading transportation platform operating in Europe and Africa, has secured a $20 million investment from International Finance Corporation (IFC), the private sector arm of the World Bank. This latest funding brings Bolt’s total funding raised to date to $215 million.
Founded in 2013 in Estonia, Bolt has atozmp3 quickly grown to become one of Europe’s most popular ride-hailing services, operating in over 150 cities across 35 countries. The platform allows customers to order a ride with just a few taps on their smartphone and provides various transportation options, including cars, motorbikes, and scooters.
Bolt aims to provide reliable, affordable, and safe transportation for everyone, and the latest funding from IFC will help the company further its mission. The funds will be used to expand Bolt’s services to more cities in emerging markets, improve the toonily quality of its service, and invest in technology to provide a better experience for customers and drivers.
According to Bolt CEO Markus Villig, “The investment from IFC will help us further our mission to make urban transportation more accessible and affordable for people in emerging markets. We are excited to partner with IFC to expand our services and invest in technology to provide the best possible experience for our customers and drivers.”
IFC’s investment in Bolt is part of its strategy to masstamilanfree support innovative companies that have a positive impact on the communities in which they operate. IFC has invested over $15 billion in startups and technology companies globally, and its investment in Bolt is a reflection of its commitment to supporting entrepreneurs in emerging markets.
Commenting on the investment, Sérgio Pimenta, IFC’s Vice President for the Middle East and Africa, said, “IFC’s investment in Bolt is part of our strategy to support innovative companies that have a positive impact on the communities in which they operate. Bolt’s services are helping to improve urban transportation and create economic opportunities for drivers in emerging markets, and we are excited to support the company as it continues to grow.”
The transportation industry is undergoing a significant masstamilan transformation, with new technologies and business models disrupting traditional modes of transportation. Ride-hailing platforms like Bolt are leading the way in this transformation, providing an affordable, convenient, and reliable alternative to traditional taxis.
With this latest investment from IFC, Bolt is well-positioned to expand its services and continue to disrupt the transportation industry. The company’s focus on emerging markets, where traditional transportation infrastructure is often inadequate, makes it an important player in improving urban transportation in these regions.
In conclusion, Bolt’s latest funding from IFC is a justprintcard testament to the company’s success in disrupting the transportation industry and providing affordable and reliable transportation services to customers in emerging markets. With the support of IFC, Bolt is well-positioned to continue its growth and make a positive impact on the communities in which it operates.