Bolt, a delivery and mobility company has received a $711million (EUR628m), investment from Sequoia Management. Bolt’s value has increased to $8.4Billion (EUR7.4Billion) with the new round. This funding round is the largest in Bolt’s entire history.
Bolt will use this funding round to accelerate its mission of helping cities transform their urban areas into sustainable, people-friendly spaces. It will also help people move about safely, conveniently, affordably and conveniently.
It will also be used for further expansion and improvement of its entire suite of mobility-delivery products. These products are used by over 100 million customers in 45 countries, and more than 400 cities throughout Europe and Africa.
Markus Villig is the founder and CEO of Bolt. He stated: “For decades cities have been designed for private cars rather than the people who live and work in them. Bolt believes this is outdated. We are committed to creating cities that people love.
We have products that are better and cheaper than private cars for nearly every purpose. We are committed to working with cities in order to encourage people to switch to shared mobility options such as ride-hailing or light vehicles. This will help transform urban areas into sustainable, human-friendly places.