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Bolt is investing €20 million in its car-sharing service Bolt Drive

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PEDFA and Bolt

Bolt, the leading European mobility platform, has introduced its car-sharing service, Bolt Drive.

The new service, TechEconomy.ng can report, allows customers to rent a car for short periods of time using the Bolt app.

They will invest €20 million in launching Bolt Drive in Europe this year, starting with a pilot in its home market, Estonia.

The Company is the first mobility platform in Europe to offer car-sharing, ride-hailing and micromobility with scooters and electric bikes in one app.

By enabling customers to quickly and conveniently rent a car at the tap of a button, Bolt allows them to be less dependent on personal cars and encourages the use of alternative modes of transport for short-distance trips.

The CEO at Bolt, Markus Villig, said: “Personal cars are the primary cause of problems in urban transport. They are responsible for traffic, environmental emissions and taking up city space. Bolt’s mission is to help people give up their personal cars by providing a better alternative.

“For people to switch from ownership to on-demand transport, we need to offer a more convenient, affordable and environmentally sustainable option for every distance. We are already doing this for short and medium distance trips. Bolt Drive now covers the rest of the use cases, whether it’s a trip to a shopping mall or a weekend getaway. Our customers will have access to a car at any time, from the same app they already use for scooters, e-bikes and ride-hailing”, Villig added.

Bolt Drive is a free-floating car-sharing service, allowing customers to see the vehicles nearest to them on a map and book a car using the app.

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They can start the ride by unlocking a car with a mobile phone and finish it anywhere in the city, within an area indicated in the app. Users do not have to pay for parking or fuel.

Bolt CEO

CEO and Founder, Bolt, Markus Villig

Bolt is the leading European mobility platform that’s focused on making urban travel more affordable, convenient and responsible.

The company has more than 50 million users in over 40 countries across Europe and Africa. Its services range from ride-hailing to micromobility with e-scooters and electric bikes to food and parcel delivery. 

All Bolt rides in Europe are 100% carbon-neutral as part of Bolt’s Green Plan, a long-term commitment to reduce the ecological footprint of the company.

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