Bolt closes EUR 600 mln funding round; valuation exceeds EUR 4 bln

Tuesday 3 August 2021 14:44 CET | News

Bolt has closed a EUR 600 million funding round, increasing Bolt’s valuation to more than EUR 4 billion. 

The funds will be used to boost Bolt’s new grocery delivery service, Bolt Market, and accelerate its expansion of existing mobility and delivery products. The funds were raised from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya.

In addition to its core ride-hailing product, Bolt now offers a car-sharing service, Bolt Drive, and scooter and e-bike sharing. Bolt’s delivery services include Bolt Food, which enables customers to order meals from restaurants, and the most recent addition to Bolt’s ecosystem is a grocery delivery service, Bolt Market.

Bolt Market will be launched in 10 European countries over the next few months, including the Baltics and Central Europe, Sweden, Portugal, Croatia, and Romania.

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Keywords: Bolt, ecommerce, investment
Categories: Payments & Commerce
Countries: Europe
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