Bolt
Financials
Estimates*
EUR | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 127m | 221m | 501m | 1.3b | 1.6b |
% growth | - | 75 % | 126 % | 152 % | 26 % |
Profit | (85.3m) | (46.2m) | (545m) | (72.8m) | - |
% profit margin | (67 %) | (21 %) | (109 %) | (6 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$100k | Angel | ||
€1.4m | Seed | ||
N/A | N/A | Series A | |
N/A | Series A | ||
* | $175m Valuation: $1.0b | Series B | |
* | $67.0m Valuation: $1.0b | Series C | |
* | €50.0m | Debt | |
* | €100m Valuation: €1.7b 13.4x EV/LTM Revenues | Convertible | |
* | €150m Valuation: €3.5b 27.6x EV/LTM Revenues | Series D | |
* | €20.0m | Convertible | |
* | €600m Valuation: €4.0b 18.1x EV/LTM Revenues | Late VC | |
* | €628m Valuation: €7.4b 14.8x EV/LTM Revenues | Series F | |
* | N/A | €220m | Debt |
Total Funding | $1.9b |
Recent News about Bolt
EditBolt is a versatile mobility startup operating in the transportation sector. Its primary service is a ride-hailing app, similar to Uber, where users can book a ride to their desired location. The company prides itself on its quick response times, with top-rated drivers typically picking up passengers within minutes. Bolt also offers an alternative to car rides with its industry-leading scooters, providing a solution for users who wish to avoid traffic.
In addition to ride-hailing, Bolt has expanded into the food delivery market. Users can order food from local restaurants and have it delivered by Bolt drivers. This service provides an additional income stream for drivers and allows Bolt to tap into the growing food delivery market.
Bolt's business model is centered around providing flexible earning opportunities for its drivers. Drivers can choose when and how often they work, fitting their driving schedule around their lifestyle. They can earn money by transporting passengers, delivering food, or both. The company claims that its large user base of over 150 million riders ensures a steady stream of ride requests for drivers. Drivers are paid weekly, eliminating the need to wait for a monthly payday.
Bolt's clients are primarily individuals who need a ride or want food delivered to their location. However, the company also serves businesses such as restaurants and stores, helping them reach new customers and increase their sales.
Keywords: Mobility, Ride-hailing, Scooters, Food delivery, Flexible earning, Weekly payment, Large user base, Individual clients, Business clients, Sales increase.