Ever since Uber entered the scene, the ride-sharing sector has bloomed and became even more competitive. The fierce competition led to the rise of numerous other ride-hailing services that are competing to get a bigger chunk of the market. The Estonia-based unicorn Bolt is one such strong challenger that is taking on Uber with its promise of low prices for users and higher pay for its drivers. The company recently expanded its services to London and has now closed a new round of funding, as per the first report seen on TechCrunch.
When contacted, Bolt refrained from divulging any details on the latest round funding. The spokesperson from the company told us, “We can confirm that we have closed a new round of funding but are not currently disclosing details.”