The European Investment Bank is the EU’s nonprofit long-term lending institution
Bolt announced it signed a €50 million contract with the European Investment Bank (EIB). The EIB primarily focuses on programs aimed to bring benefits over European integration and social unity.
The company plans to direct the funding into improving and expanding its ride-hailing technology and food delivery.
Nowadays, Bolt operates one of the fastest-growing transportation platforms across Europe and Africa, being present in over 35 countries and more than 150 cities. The company currently has the second-largest footprint of any ride-hailing company worldwide.