Earlier this year, in March, Estonian ride-hailing company Bolt received €20M from International Finance Corporation (IFC) to expand its mobility services in emerging markets. Today, it announced the launch of its new car-sharing service, Bolt Drive.
Bolt Drive is a free-floating car-sharing service. It allows customers to see the vehicles nearest to them on a map and book a car using the Bolt app. Users can start the ride by unlocking a car with a mobile phone and finish it anywhere in the city, within an area indicated in the app. Also, users do not have to pay for parking or fuel.