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

  • Integrated corridor management 'to enhance travel efficiency'
    August 29, 2012
    New systems of software are coming together to form the technological backbone of a project that will apply practically to one corridor in Dallas, but influence travel across a wider area. Dallas Area Rapid Transit (DART) is the lead agency for an extensive Integrated Corridor Management (ICM) project in Dallas, covering an area stretching north east of downtown Dallas, 20 miles long by two miles wide. The corridor is defined loosely by the US-75 freeway and DART’s light rail ‘red line’. These are the theor
    Read More
  • Necessity is the mother of invention
    April 6, 2016
    The Netherlands aims to lead Europe, and the world, in the area of cooperative ITS and smart mobility. That’s not an aspiration – it’s a necessity as Frans op de Beek, principal advisor for traffic management and ITS within the Rijkswaterstaat, the Ministry for Infrastructure and the Environment, explains.
    Read More
  • Sustainable mobility? Only possible with a multifaceted approach
    May 25, 2023
    ITS European Congress 2023 was scene for 'full and frank exchange of views'
    Read More
  • Progress of ICT transport research projects
    February 3, 2012
    Juhani Jääskeläinen, head of the ICT for Transport Unit, DG Information Society and Media, European Commission, details the results of Call 4 for research projects in ICT for transport. Since the closure of the call and evaluation process during the summer of last year the European Commission (EC) has been negotiating and signing contracts with projects which were selected from proposals submitted to Call 4 of the 7th Framework Programme (FP7) in the area of Information and Communication Technology (ICT) fo
    Read More

Highlighted Content