E-scooter competition from Estonia

Lime, Tier, Voi and Spin - these are just some of the names of the start-ups offering e-scooters in Germany. Now they have a new competitor: The start-up Bolt from Estonia is launching its service in nine cities today.
The German market for scooters is highly competitive and the first providers have already given up. Now there is a new player: the start-up Bolt is launching its scooters in nine cities from today, as reported by the news agency Reuters . These include Munich, Cologne, Hamburg, Nuremberg, Berlin, Frankfurt, Stuttgart, Fürth and Potsdam, with a total of 15,000 scooters in use to begin with. The price per minute is five cents, which is lower than its competitors in Germany, and there will be no unlocking fees at the start.
Bolt was founded by Markus Villig in 2013 and his start-up's scooters are now available in over 40 countries on five continents. In December 2020, the Estonian company raised 150 million US dollars, with hedge fund D1 Capital Partners leading the round. This year, Bolt plans to expand its presence to 150 European cities, for which 100 million euros will be invested, Villig told Reuters.
Bolt advertises that its scooters are fully recyclable and therefore more environmentally friendly than those of its competitors.

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