Bolt is looking to push more travellers on to shared mobility services as well as scooters and e-bikes following its latest funding round.
The app-based ground transport provider announced a €628 million investment earlier this week which it says will be used to scale existing products and “accelerate the transition from owned cars to shared mobility in cities.”
Markus Villig, founder and CEO at Bolt, said: “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 We think this approach is outdated.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.
“That’s why we’re pleased to announce this new round of funding – the biggest in our history – which will help us build a future in which cities have less congestion, less pollution and more green spaces where people can easily move around in a safe and sustainable way.”
Bolt recently signed a partnership with transport company CMAC Group to provide ground transportation to users of Bolt's app and ride-hailing services in 300 cities across Europe and Africa.
Business purchases made on Bolt are also now integrated with Concur Expense following a deal between the companies announced last year.