IFC approves investment in ride-hailing company to boost growth in sub-Saharan Africa

The IFC has approved an equity investment of up to €20 million in Bolt, a global ride-hailing company, offering mobility, food and delivery services through a digital platform. The company was established in 2013 in Estonia and has since expanded its operations to more than 35 countries and 200 cities globally.

Bolt was founded by Markus Villig (CEO), Martin Villig and Oliver Leisalu. Significant institutional investors in the company include Didi Chuxing, Daimler Mobility Services and Naya Capital.

The investment will support Bolt’s further growth within sub-Saharan Africa (SSA) and Central & Eastern Europe (CEE).

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