• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business Mobility

Bolt Surpasses €2 Billion Revenue | 200M+ Customers | 4.5M+ Drivers Worldwide

…Eyes Global Expansion and Future IPO

by Joan Aimuengheuwa
November 14, 2024
in Mobility
0
Bolt Surpasses €2 Billion Revenue | 150M Customers | 3.5M Drivers Worldwide
Bolt

Bolt

UBA
Advertisements

Mobility and delivery giant Bolt has reported annual revenue of over €2 billion, a huge achievement in its journey as a strong alternative to ride-hailing companies like Uber. 

The company disclosed this figure on Thursday, attributing its growth to a diverse range of services and a firm focus on expanding in international markets.

Founded in 2013, Bolt has quickly evolved into one of the world’s leading tech enterprises, rooted in Estonia, a growing tech hub that is home to over 1,450 startups. 

CEO Markus Villig commented on the company’s strong belief in European innovation, countering the perception that world-class engineering and marketing are exclusive to Silicon Valley. He stated that the company is proving how a Europe-based company can thrive globally.

Bolt’s current services are not limited to ride-hailing,  it also includes scooter and e-bike rentals, food and grocery deliveries, and Bolt Drive, a car-sharing service. 

The platform is active in more than 50 countries, with over 500 cities on its list, and it holds the top position in the ride-hailing market in over 20 of these locations. 

The company’s drive has attracted attention, especially following a €628 million funding round in early 2022 that boosted its valuation to more than $8 billion.

Planning ahead, Bolt has set its sights on integrating autonomous vehicles into its operations. However, Villig was candid about the current challenges in the autonomous vehicle industry, noting that fully operational, cost-effective self-driving services that comply with regulatory standards are still several years away. 

He noted that ride-hailing firms like Bolt will eventually boost the market introduction of autonomous vehicles but acknowledged that achieving regulatory and commercial feasibility will require time.

The company has revealed plans for an initial public offering (IPO) as soon as 2025, which would be a huge step in placing Bolt at a top spot in global mobility and delivery services.

In Nigeria, Bolt has grown significantly in reach and revenue since its launch in 2016, with more than 250 million rides taken across the country by August 2023.

Nigerian users have collectively logged over 3 billion kilometres, asserting Bolt’s role in the country’s transportation sector. 

The platform’s success in Nigeria is seen in its global statistics of over 200 million customers across a suite of services, with 4.5 million drivers and couriers on the platform worldwide, including over one million in Africa.

Yahaya Mohammed, country manager for Bolt Nigeria, reaffirmed the company’s focus on supporting Nigeria’s ride-hailing space. 

He highlighted Bolt’s adherence to collaborating with driver partners, regulatory agencies, and other stakeholders to foster a thriving and sustainable ride-hailing industry in the country.

Loading

Advertisements
MTN ADS

0Shares
Tags: BoltBolt driversBolt revenueBolt ride-hailingBolt €2 Billion RevenueMarkus VilligYahaya Mohammed
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Chinese Hackers Breach U.S. Telecom Networks

Chinese Hackers Breach U.S. Telecom Networks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Pantami Chairs WSIS Forum 2022, Says His Appointment a Win for Africa

3 years ago
Zenith Bank

Zenith Bank MD Highlights Immense Investor Value in Hybrid Offer

11 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.