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.