Ride-hailing service Bolt said on Tuesday it has raised 100 million euros (US$109 million) from London-based investment firm Naya Capital ...
Ride-hailing service Bolt said on Tuesday it has raised 100 million euros from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros.26 May 2020 01:10PMTALLINN: Ride-hailing service Bolt said on Tuesday it has raised 100 million euros from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros.
"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," Villig said. "We understood quickly that from the state side there was no interest and we buried this plan," Villig said.Bolt offers also scooter rental and food delivery. Bolt has expanded its food delivery business to 15 countries from four during this year as demand has surged.
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