Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Uber rival Bolt launches €10M environmental impact fund, aims to plant 9,500 trees in UK

Editorial team by Editorial team
November 8, 2019
in News, Startups, Travel & Mobility
0
Uber rival Bolt launches €10M environmental impact fund, aims to plant 9,500 trees in UK
104
SHARES
LinkedInTwitterWhatsAppFacebook

Bolt, the leading European on-demand transportation platform, today has launched a dedicated environmental impact fund with seed capital of €10 million aimed at initiatives which deliver global social and environmental benefits.

The Uber rival’s maiden UK transaction will fund a forest creation project that plants trees to increase natural carbon sequestration, increase biodiversity, stop pollutants from entering water courses, and prevent the erosion of topsoil. The initiative involves planting over 9,500 trees on 5.8 hectares of land in Angus, Scotland.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Environmental impact fund

The European ride-hailing unicorn’s environmental impact fund forms part of the company’s wider environmental strategy known as ‘the Green Plan’ which focuses on a long-term commitment to reduce the ecological footprint of Bolt as a company. Bolt is the largest ride-hailing platform in Europe to voluntarily commit to making its journeys carbon-neutral, something that has already been achieved in Europe.

Beyond the UK, the fund will support initiatives in Africa and South Asia, including West India Wind Power, a wind farm project in India; and M-KOPA, a company in East Africa that produces household solar systems to help families in Kenya, Uganda and Tanzania switch from high-cost kerosene to affordable and renewable power for their energy needs.

Markus Villig, CEO and founder of Bolt, said:

“We’re working hard to accelerate the global shift to shared and efficiently-used vehicles – electric cars, bikes, scooters and other types of vehicles that are yet to be invented. However, we need to face the reality that the current transition is not fast enough. Therefore, while we look to reduce emissions by adding more shared and electric vehicles on our platform, we’re also taking immediate responsibility by investing in projects that deliver positive environmental and social benefits today.”

Aims to offset carbon emissions by at least five million tonnes by 2025!

Bolt’s Green Plan strategy goals include offsetting the European transportation sector’s carbon emissions by at least five million tonnes by 2025, reducing emissions by adding more green ride-types for passengers to choose from and fully offsetting the emissions of Bolt’s offices globally in 2020. The company has estimated that in 2020, its European rides will emit around 350,000 tonnes of carbon dioxide.

Bolt has also committed to working with local regulators to introduce its electric scooters to more cities. Additionally, Bolt will look into ways riders can contribute to green initiatives inside the app.

Bolt is headquartered in Tallinn, Estonia, and the company was founded in 2013 by Markus Villig, 25, who is the youngest founder of a unicorn company in Europe. Bolt is one of the fastest-growing transportation platforms in Europe and Africa and has multiple service offerings including private hire drivers, electric scooter rentals and food delivery. Its investors include Daimler, Didi Chuxing, Korelya Capital and TransferWise co-founder Taavet Hinrikus. The company has more than 25 million users in over 30 countries globally. 

Image credit: Bolt

Stay tuned to Silicon Canals for more European technology news.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: fundinglondonMobility
Share6Tweet22SendShare51

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Blue Tulip Awards is driven by purpose: why innovation and equality go hand in hand

Future of coding: CTOs discuss low-code versus custom code software development for their business

Breaking news from Amsterdam | Partner

Here’s why Just Eat Takeaway is expanding its offices in Amsterdam

Amsterdam-based Veylinx uses Nobel Prize-winning approach to solve the problem of unreliable survey data; raises €1.6M

Amsterdam-based fintech unicorn Mollie enters UK market to helps merchants there grow into Europe post-Brexit

Amsterdam-based HR tech Recruitee takes a “shortcut” to a future unicorn status

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info