BOLT TECHNOLOGY OÜ

BOLT TECHNOLOGY OÜ Overview

Company Headquarters: Estonia

Founded: 2013

Workforce: ~3000

Company Working: BOLT TECHNOLOGY OÜ (Bolt), the pioneering European mobility super-app, advocates for enhanced urban environments while challenging private vehicle usage. It presents an all-encompassing alternative to private cars by providing various services, such as ride-hailing, shared cars and scooters, and food and grocery delivery. With a mission to transform cities for the better, Bolt offers comprehensive solutions that cater to every transportation need. The company focuses on sustainable mobility and offers a diverse range of offerings that strives to improve urban lifestyles and reduce reliance on individual car ownership.

Strategy

BOLT TECHNOLOGY OÜ implements key strategies to thrive in the taxi market. Firstly, they focus on technological innovation, leveraging advanced fleet management systems and user-friendly mobile applications to enhance the customer experience. Secondly, they prioritize market expansion, targeting new cities and countries to increase their presence and market share. Lastly, they strive for strategic partnerships and integrations with ride-hailing platforms to boost their visibility and attract a broader customer base.

Company Snapshot

3,000

Employees

2013

Founded

Estonia

Headquarters

SWOT Analysis

Strengths

Technologically advanced fleet for efficient operations
Strong brand recognition and customer loyalty

Weaknesses

Limited market presence in certain regions
Reliance on third-party drivers for operations

Opportunities

Expansion into new cities and countries
Integration with ride-hailing platforms for increased visibility

Threats

Intense competition from established taxi companies
Potential regulatory changes impacting the industry

Key Developments

Date	Approach	Development
June 2023	Partnership	Bolt has formed a strategic alliance with N26, a mobile banking institution serving 8 billion customers across 24 markets. By collaborating, Bolt offers its riders the opportunity to receive a cash-back reward on their upcoming rides when they open a new N26 account. This partnership aims to provide added benefits and incentives for Bolt users while leveraging N26's extensive reach and customer base.
February 2023	Expansion	Bolt scooters and e-bikes are now available in Jelbi, Berlin's mobility app. This means that people can now book and use Bolt vehicles through the Jelbi app, which also gives access to public transportation services such as buses, trains, and the subway.
September 2022	Expansion	Bolt, a European ride-hailing and micromobility company, has launched its scooter services in Helsinki, Finland. The scooters are available for rent through the Bolt app and can be used to travel short distances around the city.
September 2022	Partnership	Bolt, a European micromobility company, and Allianz, a global insurance company, have partnered to provide insurance coverage for Bolt scooter riders across Europe. The partnership will see all Bolt scooter riders automatically covered by two types of insurance, personal accident insurance and rider general liability insurance, which are already embedded in the rental fee.
August 2022	Partnership	Bolt and Swobbee have partnered to test a new battery swapping system for electric scooters in Berlin. The system uses Swobbee's decentralized charging stations, which are smaller and more efficient than traditional charging stations. This partnership is a step towards making micromobility more sustainable and accessible.

Product Offering

BOLT TECHNOLOGY OÜ
- Taxi Market

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