EIB offers €50m to Bolt in Estonia 

The European Investment Bank (EIB) has signed a €50 million deal to support ride-hailing firm Bolt’s R&D efforts in Estonia. 
By Ben Spencer February 5, 2020 Read time: 1 min
Alexander Stubb (left) and Bolt co-founder Martin Villig (credit: EIB)

EIB says the funding is to support Bolt in areas where its technology can improve the safety and sustainability of its services. This includes investing in its existing services as well as personalised offerings like food delivery, the bank adds.

Bolt’s co-founder, Martin Villig, says the agreement “will enable us to move faster towards serving many more people in Europe”.

EIB’s vice president Alexander Stubb, says the bank’s support will allow Bolt to improve its services and branch out into new service fields. 

The financing is supported by the European Fund for Strategic Investments, the main pillar of the Investment Plan for Europe.
 

Mass Transit & MaaS

For more information on companies in this article

Related Content

  • Diverse development of tolling business models
    April 25, 2013
    A diversity of tolling business models offers a wider toolbox of highway finance options, as the IBTTA’s Patrick Jones explains. The business models for America’s tolled highways have gone through several different evolutions over the last 75 years, reflecting a succession of shifts in transportation policy and politics, financing and funding models, urban patterns, customer needs, and technology. And with more and more decision-makers expressing renewed interest in tolling, it’s that very diversity that ma
    Read More
  • Asecap Days 2024: Getting used to the new normal
    August 27, 2024
    Asecap Days 2024 in Milan focused on environmental protection of road infrastructure, digital twin-based maintenance and monitoring of highways as well as the impact of electric vehicles, reports David Arminas
    Read More
  • Slow development of Europe's road user charging
    April 24, 2013
    Delegates convened in Brussels for Europe’s 10th annual Road User Charging Conference in March, when both positive and negative developments came to light for advocates of more widespread introduction of RUC. Jon Masters reports. Goings on across Europe in recent months have again demonstrated how very sensitive road user charging (RUC) is politically. At the 10th annual Road User Charging Conference in Brussels at the beginning of March, a Danish delegation was notable for its absence, but Belgian governme
    Read More
  • Leonardo addresses new mobility trends
    October 19, 2022
    Italy-headquartered Leonardo outlines why, and how, the company is at the forefront of more effective, efficient, and sustainable mobility - a top European priority - through investments in the Next Generation EU programme, aimed at achieving energy and climatic objectives.
    Read More

Highlighted Content