Autos

European Uber rival Bolt launches electric bikes in Paris

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An electric bike from Estonian ride-hailing firm Bolt in Paris, France.

Bolt

Ride-hailing app Bolt has launched an electric bicycle-sharing scheme in Paris, expanding its transport offerings even as Uber pares back its own bike and scooter ambitions.

The Estonian start-up said the bikes would be available on its platform from Wednesday. Users will need to switch from taxi-hailing to bikes within the app, and can then unlock one by scanning a QR code.

It marks a significant investment from Bolt into so-called “micromobility” services, which were hard hit after the coronavirus pandemic wiped out demand in the still-nascent industry. Bolt is betting such offerings will help it recover from the…



Source cnbc.com

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