March 9

Bolt Receives a €20 Million Investment From IFC to Increase Access to Mobility Services in Emerging Markets

Bolt is partnering with IFC, a member of the World Bank Group, to promote access to on-demand mobility services in emerging economies.

IFC’s €20 million investment and advisory services will help Bolt expand mobility solutions that create earning opportunities, stimulate small-scale entrepreneurship, and improve access to transportation in Eastern European and African markets.

IFC’s funding will be targeted towards Eastern Europe, including Ukraine, and African markets, such as Nigeria and South Africa.

Source: Vanguard Newspapers (link opens in a new window)

Technology, Transportation