European Uber rival Bolt valued at $8.4 billion in new funding round


A range of products from Estonian ride-hailing start-up Bolt.

LONDON — The competition is getting tougher for Uber in Europe.

Estonia-based ride-hailing start-up Bolt said Tuesday it has raised 628 million euros ($711 million) in a new funding round led by Sequoia Capital and Fidelity.

The investment, which was also backed by Whale Rock, Owl Rock and some of Bolt’s existing investors, values the eight-year-old company at 7.4 billion euros — or about $8.4 billion — up from nearly $4.8 billion just five months ago.

“Cities increasingly see that they want to switch over from private car ownership” to ride-hailing and other “shared mobility” options like electric scooters and car-sharing,…


0 0 votes
Article Rating

Shimao says it’s in talks for property sales to help with debt problems

Previous article

Fintech start-up MX names new CEO as firm prepares for sale or IPO

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos