Bolt raises €50M in venture debt from the EU to expand its ride-hailing business

Jan 16, 2020 - Tech. Yahoo

Bolt, the billion-dollar startup out of Estonia that's building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take on Uber and the rest in the world of on-demand transportation. The company has picked up €50 million (about $56 million) from the European Investment Bank to continue developing its technology and safety features, as well as to expand newer areas of its business such as food delivery and personal tr...