In the latest update, the European Investment Bank (EIB) has signed a €50 million venture debt facility with the ride-hailing app Bolt from Estonia. The financing is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
The goal of the funding is to support Bolt’s product development and research in areas where the use of technology can improve the safety, reliability, and sustainability of its services.