About Bolt
Bolt is a company based in Tallinn (Estonia) founded in 2013 by Martin Willing Villig, Martin Villig, Oliver Leisalu, and Markus Villig. It operates as a Mobility-as-a-Service, Two-Sided Marketplace, and Commission-Based. Bolt has raised $1.98 billion across 13 funding rounds from investors including Fidelity Investments, Didi and Citi. Bolt has completed 1 acquisition, including Viggo. Bolt offers products and services including Bolt Rides, Bolt Food, Bolt Drive, Bolt Market, and Bolt Business. Bolt operates in a competitive market with competitors including Grab, inDrive, Gozem, YASSIR and FREE NOW, among others.
- Headquarter Tallinn, Estonia
- Founders Martin Willing Villig, Martin Villig, Oliver Leisalu, Markus Villig
- Growth stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Bolt Technology Oü
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.98 B (USD)
in 13 rounds
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Latest Funding Round
$235.67 M (USD), Debt – Conventional
May 03, 2024
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Investors
Fidelity Investments
& 35 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services by Bolt
Bolt offers a comprehensive portfolio of products and services, including Bolt Rides, Bolt Food, Bolt Drive, Bolt Market, and Bolt Business. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ride-hailing service is provided for quick urban transport.
Food delivery service is offered for fast meal access.
Car-sharing service is available for easy vehicle rental.
Grocery delivery service is provided for essential items.
Business travel solutions are managed for corporate clients.
Scooter rental service is offered for short trips.
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Software Development Team
84 people
Operations Team
44 people
Senior Team
33 people
Human Resources and Administration
26 people
Finance and Accounting
23 people
Data Analysis and Operations Team
22 people
Sales and Marketing
21 people
Legal and Compliance
20 people
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Funding Insights of Bolt
Bolt has successfully raised a total of $1.98B across 13 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $235.67 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Debt – Conventional — $235.7M
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First Round
First Round
(01 Mar 2014)
- Investors Count 36
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Conventional - Bolt | Valuation |
investors |
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| Jan, 2022 | Amount | Series F - Bolt | Valuation | Sequoia Capital , Fidelity Investments | |
| Aug, 2021 | Amount | Series E - Bolt | Valuation | Sequoia Capital , Tekne Capital Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bolt
Bolt has secured backing from 36 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Didi and Citi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Private debt financing is extended to middle-market companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bolt
Bolt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Viggo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electric ride-hailing services are provided through a mobile app.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bolt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bolt Comparisons
Competitors of Bolt
Bolt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grab, inDrive, Gozem, YASSIR and FREE NOW, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Ride-hailing and on-demand delivery services are aggregated via mobile app.
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Ride-hailing and on-demand services are aggregated through a mobile app.
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| domain | founded_year | HQ Location |
Ride-hailing and on-demand services are facilitated through a mobile app.
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| domain | founded_year | HQ Location |
App-based ride-hailing and multi-category vehicle sharing platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bolt
Frequently Asked Questions about Bolt
When was Bolt founded?
Bolt was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Bolt located?
Bolt is headquartered in Tallinn, Estonia.
Who is the current CEO of Bolt?
Markus Villig is the current CEO of Bolt. They have also founded this company.
Is Bolt a funded company?
Bolt is a funded company, having raised a total of $1.98B across 13 funding rounds to date. The company's 1st funding round was a Series E of $714M, raised on Mar 01, 2014.
What does Bolt do?
Bolt is established as the first European mobility super-app, focused on transforming urban transportation. Services are provided across ride-hailing, shared cars, scooters, and food and grocery delivery. Operations are conducted in over 600 cities worldwide, with solutions tailored to replace private car usage. Insights and real-time data are shared with local authorities to enhance city connectivity and livability. A platform for drivers, couriers, merchants, and fleet owners is maintained to boost revenue opportunities.
What products or services does Bolt offer?
Bolt offers Bolt Rides, Bolt Food, Bolt Drive, Bolt Market, and 2 more products and services.
How many acquisitions has Bolt made?
Bolt has made 1 acquisition, including Viggo.
Who are Bolt's investors?
Bolt has 36 investors. Key investors include Fidelity Investments, Didi, Citi, Goldman Sachs, and Barclays.
What is Bolt's valuation?
The valuation of Bolt is $8.38B as of Jan 2022.
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