Bolt closes €600M funding round

Bolt is very happy to announce that they have closed a €600M funding round, increasing Bolt’s valuation to more than €4B.

The funds will be used to boost their new grocery delivery service, Bolt Market, and accelerate their expansion of existing mobility and delivery products.

The funds were raised from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya.

In addition to their core ride-hailing product, they now offer a car-sharing service, Bolt Drive, and scooter and e-bike sharing.

Bolt delivery services include Bolt Food, which enables customers to order meals from restaurants, and the most recent addition to Bolt’s ecosystem is a grocery delivery service, Bolt Market.

Bolt Market will be launched in 10 European countries over the next few months, including the Baltics and Central Europe, Sweden, Portugal, Croatia, and Romania.

“After seven years of relentless execution, Bolt’s mobility and delivery products offer a better alternative to almost every use case a car serves. I’m thrilled to bring these products to millions of customers around Europe and Africa, taking the emphasis off cars and giving cities back to the people.”

Markus Villig, CEO at Bolt

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