Estonian mobility enterprise Bolt is dedicated to increasing access to mobility in emerging economies. With an investment of 20 million Euros and advisory assistance of International Finance Corporation, Bolt is expanding mobility solutions that stimulate small-scale entrepreneurship and improve access to transportation in Eastern Europe and African markets. IFC’s funding will be targeted towards Eastern Europe, including Ukraine, and African markets, such as Nigeria and South Africa.
Tallin-based Bolt is also currently piloting a ‘Women Only’ ride-hailing category in South Africa – a new service aiming to address safety needs and improve women’s mobility by connecting female drivers with female passengers. IFC will support Bolt’s ongoing work to empower women riders and drivers by improving their access to safe and affordable transportation and creating new economic opportunities.
According to IFC representatives, “Technology can and should unlock new pathways for sustainable development and women’s empowerment.”