This archive report was first published on 21 August 2019.
On-demand transportation firm Bolt, formerly known as Taxify, has expanded its services to include food delivery with the launch of Bolt Food. The new service aims to take on established players in the market, including Glovo, Uber Eats, and Delivery Hero.
According to Jevgeni Kabanov, Chief Product Officer at Bolt, the company's ride-hailing business is built on the principles of efficiency and offering the best deal to drivers and passengers. Bolt Food aims to bring this mindset to food delivery, offering a lower price of delivery compared to other platforms while ensuring its couriers receive the best support.
Bolt Food has launched in Tallinn, Estonia, and will expand to more cities in Europe over the next 12 weeks, including Latvia and Lithuania. The service will be available in more countries across Europe and Africa in 2020.
Recently, Bolt raised $67 million in funding to expand its services globally. The company has more than 25 million customers in 30 countries across Europe and Africa, and its recent rebranding from Taxify to Bolt reflects its widened scope of business, which now includes private cars, e-scooters, motorcycles, and food delivery.
Restaurants and couriers can sign up with Bolt Food at food.bolt.eu. To use the new service, customers need to download the Bolt Food app and search for restaurants based on location. Bolt Food's launch in Tallinn will be marked by free delivery.
