Markus Villig Taxify

Bolt, a European rival to Uber, said on Wednesday it will launch its first electric bike rentals in Paris.
The news follows Uber pulling out of the scooter and bike-sharing market with the sale of its Jump business to Lime in May.
The rollout comes as cities explore alternative methods of transport to avoid overcrowding on buses and trains, or an increase in road traffic, as lockdowns lift.
Estonian Bolt is currently valued at $1.9 billion.
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European ride-hailing startup Bolt is rolling out its first electric bike hire scheme in Paris, coinciding with rival Uber’s retreat from bikes and scooters.

Users in the French capital will be able to locate dockless Bolt bikes for hire through its app, unlock one with a QR code and then begin a ride. The bike won’t cost anything to unlock, and will cost 10 European cents per minute of hire.

Bolt was founded in 2013 in Estonia, and has grown to become a unicorn startup worth $1.9 billion after a May funding round. The company says it has grown to 30 million users across 35 markets.

The company offers similar services to rival Uber through the Bolt app, and initially grew by targeting smaller European markets and Africa. It has expanded over the years beyond ride-hailing into scooter rental, food delivery, and now electric bikes.

Bolt’s first e-bike launch follows Uber’s effective withdrawal from the electric bike-sharing market.

Uber invested in mobility service Lime in May, offloading its own bike and scooter arm, Jump, as part of the deal.

The changeover caused some public dismay after footage emerged of some remaining Jump bicycles getting pulped.

Asked if Bolt was capitalizing on Uber’s retreat, CEO Markus Villig told Business Insider that his firm had been monitoring bike-sharing for several years.

He said that when Bolt in 2017 won investment …read more

Source:: Business Insider


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