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Bolt Raises £150M in Funding Led by D1 Capital Partners to Venture into AI Capabilities


Bolt Raises £150M in Funding Led by D1 Capital Partners to Venture into AI Capabilities
Dec 16 2020 · 13:08 UTC | Updated
Dec 16 2020 · 14:45
by Steve Muchoki · 3 min read
Photo: Depositphotos
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In order to remain competitive in the market, Bolt has also identified the food industry as a lucrative segment.
Ride-hailing startup Bolt has announced that it has completed funding led by D1 Capital Partners and managed to raise £150 million ($182 million). The Estonia-based Bolt intends to channel the money to its platform and bolster its safety via facial recognition and AI capabilities.
In addition, the company anticipates using the money to expand its ride-hailing to different markets, electric bike and scooter rental and food delivery services. ....

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