Bolt raises €50m from Europe’s investment bank to build rival to Uber

The Telegraph | Jan 16, 2020 at 12:01 AM
  • An Estonian rival to Uber has raised €50m (£43m) from the European Union’s development bank as the block aims to accelerate the growth of its domestic rival to America’s ride-hailing operators.
  • Bolt, the Tallinn-headquartered ride-hailing company founded by 26-year-old entrepreneur Markus Villig, raised the cash from the European Investment Bank (EIB) to accelerate its expansion across Western Europe.
  • Like Uber, Bolt operates a smartphone app that allows passengers to hail a taxi.