It will invest the money in research and development. FILE PHOTO | NMG
Summary
- Bolt, formely Taxify, will also use the debt facility from the European Investment Bank (EIB) to launch more products in the market that include personalised mobility services like food delivery.
- The company is also set to launch food delivery service locally after unveiling a similar venture in Europe in August last year. Bolt also has plans to enter into mass transport business.
Taxi-hailing firm Bolt has secured a Sh5.6 billion loan that
will be injected into the firm’s research and development plans, aiming
to make its products and services more reliable, safe and sustainable.
Bolt,
formely Taxify, will also use the debt facility from the European
Investment Bank (EIB) to launch more products in the market that include
personalised mobility services like food delivery.
The
company is also set to launch food delivery service locally after
unveiling a similar venture in Europe in August last year. Bolt also has
plans to enter into mass transport business.
“Mobility
is one of the areas we will continue to grow and innovate for the
benefit of our customers. We will invest in improving and expanding our
ride-hailing technology as well as personalised mobility services like
food delivery,” said Martin Villig, Bolt’s co-founder.
“We
are thrilled to have the European Investment Bank join the ranks of our
backers as this enables us to move faster towards serving many more
people in Europe and across the world.”
The firm said Thursday that the funds will go into improving urban mobility and birth opportunities across the globe.
“Bolt
is a good example of excellence in tech and innovation. As you say, to
stand still is to go backwards, and Bolt is never standing still. The
Bank is very happy to support the company,” EIB’s Vice President
Alexander Stubb said.
No comments :
Post a Comment