Bolt - statistics & facts
One of the most well-known companies from Estonia, Bolt has become a major mobility and food delivery provider worldwide and a competitor to Uber and Lyft. It is the highest-value micromobility unicorn startup, with a valuation of 8.4 billion U.S. dollars, or 7.4 billion euros. In its latest funding round on May 3, 2024, the company raised 235 million U.S. dollars. Also known as Bolt Technology OÜ and formerly Taxify, it was launched in 2013 and operates in over 50 countries in Europe, Africa, Asia, and the Americas, where it counts a total of over 200 million users.
With its increasing revenue, regional expansion, and sustainability pledge, Bolt is set for further growth in earnings and usage. The company is reported to be considering a public listing.
Bolt's financial performance
Bolt reported a revenue of 1.7 billion euros in 2023, marking a 37-percent increase from the previous year and continuing a trend of consistent expansion. This growth is also reflected in Bolt's total assets, which surpassed 778 million euros. At the same time, the company has been consistently recording net losses, which stood at almost 92 million euros in 2023.A European super app
Bolt presents itself as the first European super app, meaning that it combines several services under one brand. Bolt's key operational segments include mobility, which encompasses ride-hailing, car-sharing, and business rides, as well as online food and grocery delivery on the Bolt Food and Bolt Market platforms. In total, the number of Bolt app downloads peaked at over 37 million. In addition, users worldwide installed the Bolt Food app more than four million times in the same year.Bolt's growth drivers
Both the shared mobility and online food delivery markets are expected to grow in the following years, creating a favorable environment for Bolt's development. The company's goals to reduce carbon dioxide (CO2) emissions from urban mobility and become carbon net-zero by 2040 might appeal to consumers who opt for more environmentally friendly means of transportation. This ambition is shared by a quarter of respondents in the United Kingdom (UK) and Germany. Furthermore, Bolt is increasingly partnering with various mobility companies in its regions of operation, thus expanding its service portfolio. It is also launching in more countries, for example, with its ride-hailing app Hopp in Canada in February 2025.With its increasing revenue, regional expansion, and sustainability pledge, Bolt is set for further growth in earnings and usage. The company is reported to be considering a public listing.
