Estonian transport and delivery company, Bolt has announced the launch of its newest venture: a car-sharing service dubbed Bolt Drive. The new service will allow customers to be able to rent a car for short periods of time straight from the Bolt app.
Bolt says it will be investing 20 Million Euros into Bolt Drive so as to see it expand across Europe. The pilot program will start in Estonia first, before expansion.
Bolt Drive will be a free-floating car-sharing service, allowing customers to see the vehicles nearest to them on a map and book a car using the Bolt app. They can start the ride by unlocking a car with a mobile phone and finish it anywhere in the city, within an area indicated in the app. One will not need to pay for parking or fuel.
Bolt is the first mobility platform in Europe to offer car-sharing, ride-hailing and micromobility with scooters and electric bikes in one app. By enabling customers to quickly and conveniently rent a car at the tap of a button, Bolt allows them to be less dependent on personal cars and encourages the use of alternative modes of transport for short-distance trips.
Markus Villig, CEO at Bolt, said: “Personal cars are the primary cause of problems in urban transport. They are responsible for traffic, environmental emissions and taking up city space. Bolt’s mission is to help people give up their personal cars by providing a better alternative.
For people to switch from ownership to on-demand transport, we need to offer a more convenient, affordable and environmentally sustainable option for every distance. We are already doing this for short and medium distance trips. Bolt Drive now covers the rest of the use cases, whether it’s a trip to a shopping mall or a weekend getaway. Our customers will have access to a car at any time, from the same app they already use for scooters, e-bikes and ride-hailing”.