Skip to main content
invest in estonia

Estonia’s unicorn Bolt raises €150M

Ride-hailing unicorn company Bolt - a product of the ultimate unicorn factory, Estonia - raised 150 million euros in its biggest funding round ever.

The investment was led by D1 Capital Partners, with the participation of Darsana Capital Partners. According to TechCrunch, D1 has this year been a huge player in growth rounds for some of the very biggest startups: it has made investments in eyewear giant Warby Parker, gaming engine maker Unity, car sales portal Cazoo, and fintech TransferWise, collectively with valuations into the multiple billions of dollars.

Uber’s competitive Bolt, previously known as Taxify, operates in ride-hailing, electric scooters and food delivery sectors. Bolt is rapidly expanding to cover 200 cities in 40 countries across Europe and Africa.

“We have almost doubled our number of customers (this year) and launched our services from ride-hailing to micromobility and food delivery in 50 new cities,” said Markus Villig, Bolt’s CEO and co-founder.

Earlier this month, Bolt released its 4th generation scooter, developed by the company’s in-house hardware team to become the safest model on the market thanks to the sensors that detect unsafe riding patterns as well as optimised construction for extra stability and safe manoeuvring.

In 2021, Bolt plans to roll out new functionalities to further enhance the safety of its products, such as automated trip monitoring to predict and prevent potential incidents with the use of artificial intelligence.

Want to invest in Estonia’s unicorn factory? Use our free e-Consulting service to get started.

News & events

Need more information?

Need more information?

What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.

Request e-consulting