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Bolt invests 100 million euros to roll out in 100 European cities

In a press release, Bolt announced that it will become the largest micro-mobility platform in Europe by next year. To achieve this, the Estonian company plans to invest no less than 100 million euros to expand its offering. This will enable it to operate 130,000 electric scooters and self-service bicycles in more than 100 European cities.

Bolt, Europe’s leading mobility platform

European capitals have seen Bolt electric scooters proliferate on their sidewalks in recent years. As the number one mobility platform, the company will soon be marketing its fleet of scooters in 50 new cities across Europe. Countries such as Germany and the United Kingdom will be lucky enough to welcome the operator.

With the goal of officially becoming the largest micro-mobility platform in Europe, Bolt has already accelerated the expansion of its services in recent months. Specifically in 45 cities across 15 countries, including France, Sweden and Portugal. As a result, the company will be able to operate 130,000 electric scooters and bicycles next year.

By investing 100 million euros, the company also hopes to stabilize its position in the micro-mobility market. It is important to remember that the market is growing strongly and is highly competitive. Bolt’s German competitor Tier recently announced that it had raised $250 million to continue its expansion.

Innovative electric scooters

In cities where Bolt will soon launch its mobility services, expanded fleets of electric scooters will be offered. From now on, they will mainly be made up of the new scooter model developed by the company. They will be modular and therefore easily repairable.

The electric scooters designed by Bolt are consistent with the brand’s commitment to sustainable development. In concrete terms, the third generation of scooters is lighter, using 15% less energy to transport users. It also has a lifespan of up to 5 years. In addition, they have the capacity to travel more than 40 km on a single charge. Finally, they have the advantage of being entirely recyclable.

© Bolt

Helping to build the cities of the future

Bolt is committed to helping build the cities of the future and to offering sustainable mobility solutions. Markus Villig, CEO and co-founder of Bolt believes “that the future of private urban transportation is a set of on-demand services – VTC, electric scooters, electric bicycles and other light vehicles. As a result, Bolt electric scooters offer a sustainable alternative to private cars. The very attractive pricing also encourages users to choose these new travel options.

In the future, these new forms of mobility could address the issues facing cities: traffic congestion, pollution, loss of time and lack of space. As a result, micro-mobility has a bright future ahead of it.

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