Bolt
has raised €628 million in a Series F funding round, giving it a claimed valuation of €7.4 billion.
The investment in the ride-hailing, micromobility and delivery company was led by Sequoia Capital and Fidelity Management and Research.
The latest round, which is Estonia-based Bolt’s largest so far, comes on top of a
€600 million investment
announced in August last year.
Bolt says the funding would help it “build a future in which cities have less congestion, less pollution and more green spaces.”
Markus Villig, founder and CEO at Bolt, says: “For decades, cities have been built for cars, not people. That has led to unsustainable traffic, pollution and loss of public space to parking places.
"We think this approach is outdated. Over the past eight years we have developed products that offer better and more affordable alternatives for almost every purpose a private car serves. We’re partnering with cities to help people make the switch towards light vehicles such as scooters and e-bikes and shared mobility options like ride-hailing and car-sharing to transform urban areas back into sustainable, people-friendly spaces."
PhocusWire named Villig as one of
travel's movers and shakers in 2022
which features some of the industry's smartest leaders who are tackling the big issues.
Bolt has now raised more than €2 billion and the latest round values the company at €7.4 billion.
The company calls itself the first European super-app and added its grocery delivery service Bolt Market to existing services last year.