European Uber competitor Bolt receives millions in investment
The Estonian driving service provider Bolt has received 150 million euros. The investment will go towards new safety features.
The investment round is led by D1 Capital Partners, a hedge fund owned by American billionaire Daniel Sundheim, and Darsana Capital Partners. According to Bolt, it has already invested heavily in the safety of its scooters and cars, including an SOS button. Earlier this month, the fourth-generation scooter designed by Bolt himself was unveiled. Bolt calls it the "safest scooter model on the market".
The investment will be used to develop more functionalities to increase safety even further. "We plan to introduce even more innovative solutions such as facial recognition and automatic ride monitoring, using machine learning to prevent potential incidents," says CEO Markus Villig.
Bolt was founded in 2013 and is now active in 40 countries. Daimler is also among the group of investors. Bolt offers both cab rides and scooter rentals. This makes them one of the biggest competitors of the American provider Uber.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
