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Bolt partners with Dubai Taxi Company to launch UAE’s largest e-hailing platform

Oct 15, 2024

Contract Type

partnership

TallinnOtherSoftwareTransportationTravel

Description

Bolt and Dubai Taxi Company (DTC) have inked a partnership to provide e-hailing services in Dubai, targeting the UAE’s Dhs6bn taxi and e-hailing market. The agreement aims to create a new mobility leader in Dubai, offering sustainable and efficient transportation options for residents, and supporting Dubai’s goal of transitioning 80 per cent of taxi trips to e-booking.

Quick answer

Bolt partners with Dubai Taxi Company to launch UAE’s largest e-hailing platform (October 15, 2024). Bolt is based in Tallinn, Harju Maakond, Estonia.

What agreement did Bolt announce on October 15, 2024?: Bolt and Dubai Taxi Company (DTC) have inked a partnership to provide e-hailing services in Dubai, targeting the UAE’s Dhs6bn taxi and e-hailing market. The agreement aims to create a new mobility leader in Dubai, offering sustainable and efficient transportation options for residents, and supporting Dubai’s goal of transitioning 80 per cent of taxi trips to e-booking.
What does Bolt do?: As a measure of its growth, in August, when the company announced that previous round, it had 75 million customers.
Where is Bolt based?: Bolt is based in Tallinn, Harju Maakond, Estonia.

Source: Fundz verified event record.

Company Information

Company

Bolt

Location

268 Bush Street #4214

Tallinn, Harju Maakond, Estonia

About

As a measure of its growth, in August, when the company announced that previous round, it had 75 million customers. Bolt now has more than 100 million customers in 45 countries and 400+ cities using its services. Bolt was founded eight years ago in Tallinn, Estonia (originally as Taxify), with a mission to bring ride hailing to emerging markets and countries where others like Uber had yet to gain a strong foothold, a strategy that it used to expand modestly across regions like Central and Eastern Europe and Africa, in the process attracting investors like China’s Didi — itself having built a massive business in its own home emerging market. (Didi quietly divested its stake in Bolt last year.)Over time, the focus has remained on Europe and Africa, but Bolt found that a lot of its learnings from those first launches could just as easily be applied in more developed countries, with more lucrative payoffs. “We started off in Eastern Europe and Africa because those markets had a bigger need.

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What this usually means

Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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