Bolt publishes 2024 financial results

Bolt has released its Annual Report for 2024, confirming its position as one of the global leaders in shared mobility. The company delivered solid top-line growth and executed on key strategic priorities across all business verticals.

Revenue reached €1.99 billion, up 16.9% compared to 2023. Operating loss margin improved to -4.4%, and operating cash flow reached €53.1 million — a year-on-year improvement of €79.5 million. Bolt’s services are now available in more than 45 countries, with over 200 million users to date.

In 2024, Bolt expanded its presence into the UAE, Switzerland, and Malaysia. In Dubai, the company partnered with Dubai Taxi Corporation, the city’s largest fleet operator. In Germany, Bolt Drive signed a strategic agreement with local car-sharing leader Miles, adding 20,000 vehicles in 10 cities and making Bolt one of the largest free-floating car-sharing platforms in Europe. Bolt also launched autonomous robot delivery services in partnership with Starship Technologies.

Sustainability remained at the core of Bolt’s operations. Through its Project Zero initiative, the company is accelerating the shift to electric vehicles, including the launch of charging hubs and EV access programs in multiple markets. Bolt aims to achieve carbon net zero by 2040, with its emissions targets validated by the Science Based Targets initiative (SBTi). As of 2024, all Bolt offices and warehouses are powered by 100% renewable electricity.

Bolt continued to invest in economic empowerment. The Bolt Accelerator program supported 30 driver-founded startups in Africa and is now expanding to Europe. With a growing multimodal platform, Bolt remains a driving force in reshaping urban mobility by offering affordable, sustainable, and tech-enabled alternatives to private car ownership.

The full 2024 Annual Report is available on the Eesti E-Business Register.

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