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Bolt Signs Term Sheets for $150M Investment to Support Growth and Profitability

May 03, 2026

Contract Type

contract

TallinnOtherSoftwareTransportationTravel

Description

Bolt has secured term sheets from two investors for a total of $150M, with one firm committing $100M and another $50M. The investment is critical for the company as it aims to achieve profitability and accelerate growth. Despite challenges, Bolt's leadership sees this as validation of their technology and market position.

Quick answer

Bolt Signs Term Sheets for $150M Investment to Support Growth and Profitability (May 3, 2026). Bolt is based in Tallinn, Harju Maakond, Estonia.

What agreement did Bolt announce on May 3, 2026?: Bolt has secured term sheets from two investors for a total of $150M, with one firm committing $100M and another $50M. The investment is critical for the company as it aims to achieve profitability and accelerate growth.
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.