Bolt to invest over 100 million euros in the European e-scooters market

Cristian Hatis 1 Min Read

Bolt wants to become the largest micromobility operator in Europe within the next 12 months and will bring e-scooters to more than 100 cities across the continent in 2021.

This year, the platform expanded its scooter operations to 45 cities in over 15 countries, including Sweden, Norway, and Portugal.

In a recent survey of 1,800 UK Bolt riders, 50.38% of users said they’d choose a Bolt Scooter over a private-hire vehicle (PHV) for journeys under 5 km.

Fierce competition on European e-scooter market

Uber already announced that wants to bring 130,000 electric scooters to more than 100 European cities next year, expanding aggressively across the continent.

This week, Berlin-based electric scooter start-up Tier Mobility raised $ 250 million from investors, to expand its operations beyond the 80 cities in 10 countries it now covers.

In September, Swedish company Voi won Europe’s largest exclusive e-scooter contract in UK.

In June, Enel X and Bird have consolidated their cooperation by adding to Enel X’s JuicePass app a section dedicated to the rental service of over 5,000 Bird electric scooters in different Italian cities.

In February, Bird acquired Circ, an micromobility company with operations spanning across 43 cities in 12 countries.

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