This archive report was first published on 10 May 2021.
On May 10, 2021, Business Today reported that Bolt, an on-demand ride-hailing service, was gearing up to introduce a car hire service in Kenya.
The new service, dubbed Bolt Drive, will allow users to hire vehicles close to them from a fleet company or private owner, competing with the traditional car hire service in Kenya.
According to Business Today, prices for the service will be determined based on selected car model, trip duration, distance driven, and fuel prices.
Bolt's car hire service was first launched in the Estonian city of Tallinn, where the model features rates ranging from € 0.07 (Ksh9.03) per minute and €0.15 (Ksh19.35) per kilometre.
The firm had revealed a 20 Million Euro (Ksh2.58 billion) investment to expand the service into Europe.
It remains to be seen how effectively the service will compete with the traditional car-hire model in Kenya, which remains popular.
