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International Internet Magazine. Baltic States news & analytics Friday, 03.07.2020, 17:04

Bolt raises EUR 100 mln from Naya Capital Management

BC, Tallinn, 26.05.2020.Print version
Transport company Bolt has raised 100 million euros from London-based global investment manager Naya Capital Management to continue expanding its service in Europe and Africa, reports LETA/BNS.

Operating in more than 150 cities across Europe and Africa, Bolt has expedited the opening of new services in the past several months like food delivery covering 12 countries and a new courier service, Business Delivery.

Another new category, Bolt Protect, is directed mainly towards front line workers with its offering of vehicles equipped with a protective shield between the driver and the passenger to reduce air circulation between the front and back seats inside the vehicle.

“Even though the crisis has temporarily changed how we move, the long-term trends that drive on-demand mobility such as declining personal car ownership or the shift towards greener transportation continue to grow,” Chief Executive Officer and co-founder Markus Villig said in a statement.

The new round brings total funds raised by Bolt to more than 300 million euros.

Naya Capital Management is a global investment manager based in London.

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