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

  • Asecap Days 2025: seizing the opportunities
    May 28, 2025
    Delegates during day one of the two-day 52nd Asecap Days conference in Madrid were left in no doubt the financial challenges that face motorway concessionaires as the transition to different mobility increases in pace...
    Read More
  • Ford, Uber and Lyft to share data through SharedStreets
    October 3, 2018
    Ford, Uber and Lyft will make data sets available on the SharedStreets platform in a bid to help cities and mobility companies manage congestion, cut greenhouse gases and reduce crashes. The commitment was announced at the second annual Bloomberg Global Business Forum in New York. SharedStreets is funded by the Bloomberg Philanthropies consortium. Its aim is to make it easier for the private sector to work with cities around the world and utilise data to improve mobility. According to Ford, the partn
    Read More
  • IBTTA, ITS America applaud long term FAST Act
    December 2, 2015
    The International Bridge, Toll and Turnpike Association (IBTTA) and ITS America have applauded Congressional committee members on reaching agreement on a long-term surface transportation bill.
    Read More
  • Transport problems need ''strong action from policymakers”
    June 7, 2012
    Taking advantage of the attendance of the heads of ITS Asia-Pacific, ITS America, Ertico – ITS Europe, and ITS Malaysia as the host nation of the recent 12th ITS Asia-Pacific Forum in Kuala Lumpur in April, ITS International initiated a round table discussion on the big ITS issues confronting the individual regions. For such a diverse collection of advanced and emerging nations spanning the globe, in terms of the advancement of ITS, a common single issue emerges above all others
    Read More

Highlighted Content