Bolt signed €50M contract with European Investment Bank

The European Investment Bank is the EU’s nonprofit long-term lending institution

Bolt

Bolt signed €50M contract with European Investment Bank. Source: unsplash.com

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.

Bolt is a good example of European excellence in tech and innovation… The Bank is very happy to support the company in improving its services, as well as allowing it to branch out into new service fields. In other words, we’re fully on board!
Alexander Stubb, the EIB’s Vice President

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.

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