Bolt

Bolt is a technology company that offers a range of services through its "super app," including on-demand ride-hailing, shared cars and scooters, restaurant delivery, and grocery delivery. The company's primary product is a one-click checkout solution for online merchants, designed to streamline the purchasing process. Bolt's technology essentially functions as a version of Amazon's "Buy Now" button that can be integrated into a merchant's website to simplify checkout. As of March 2024, Bolt's annualized run-rate stood at USD 28 million in revenue, with USD 7 million in gross profit. The company has expanded its offerings to include Bolt Market, a 15-minute grocery delivery service operating in multiple cities. Bolt has faced controversy, including allegations that its founder, Ryan Breslow, misled investors and violated security laws by inflating metrics during previous fundraising efforts. In January 2022, Bolt reported having over 100 million customers across 45 countries and 400+ cities using its services. The company has pursued a strategy of diversification, adding multiple services within a single app to cross-sell to customers and reduce marketing costs.

Key customers and partnerships

Bolt's customer base spans various industries, with the company actively seeking partnerships with city governments to integrate its services into updated transportation strategies. Bolt has reported significant growth in its user base, increasing from 75 million to over 100 million customers between August 2021 and January 2022. The company's focus on both emerging markets and developed countries has contributed to its expansion across Europe and Africa.