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

  • Is Europe's Galileo project value for money?
    February 2, 2012
    Philippe Hamet discusses the progress of the European Union's Galileo Global Navigation Satellite System Project
    Read More
  • DoTs can benefit from high fibre content
    January 14, 2020
    Existing fibre architecture may be one of the most important assets for DoTs going forward: Skyline’s Paul Lennon explains the importance of evaluating ITS network infrastructure maturity
    Read More
  • European single transport ticketing project reports latest results
    April 18, 2016
    The latest developments and results from the four pilot trials being run under the European R&D&i project, MobiWallet, led by Indra, will be presented today at the sixth European Transport Research Arena Conference in Warsaw, Poland. MobiWallet aims to improve transport in Europe by allowing the combined use of public and private transport, as well as additional services to make for better mobility and render transport smarter and more sustainable. In addition to offering integrated payments for all adde
    Read More
  • Financing the US road infrastructure – road user charging?
    February 2, 2012
    In the US, the National Transportation Infrastructure Financing Commission's report to Congress will state that a national, distance-based charging is the only long-term solution to the country's infrastructure financing problems. The Commission's Chair, Rob Atkinson, talks to ITS International
    Read More

Highlighted Content