Bolt Technology

completed

 Bolt was launched in Estonia in 2013 and is a leading global mobility platform, operating in over 200 cities across more than 40 countries, with a focus on Africa and Central and Eastern Europe (“CEE”). The Company’s three core offerings include: (i) Ridehailing: on-demand ride booking of cars, motorcycles, and tuktuks; (ii) E-mobility rentals: dockless electric scooter rentals and e-bikes; and (iii) Delivery: on-demand food, grocery, and business deliveries. The Company has more than 50 million customers and 1.5 million drivers globally. As of 2019, some of the platform’s largest markets by number of rides include: South Africa, Nigeria, Poland, Kenya, and Azerbaijan. IFC is considering a EUR 20 million investment in Bolt in the form of a convertible note. The proceeds of the financing are expected to help support the Company as it: (i) expands further into Tier 2 and 3 cities in Africa and CEE; (ii) grows its food delivery product, and (iii) introduces financial service products in Africa and CEE.