Bolt, the leading European transportation platform committed to making urban travel easier, quicker and more reliable; announced its entry to the Sri Lankan market, with a pilot launch of its service in Colombo, on November 25, 2020, with over 2000 drivers ready to start accepting rides. Bolt pilots its services in South Asia for the first time with the launch of operations in Sri Lanka.
Committed to affordable trips and happy drivers, the company has announced that it will be charging drivers no commission for using the platform and offer fares 20% lower than other competitors, for a minimum of six months. It builds on being smart about how to grow the company, and focusing operations on efficiency, allowing Bolt to pass the savings on to customers, passengers and drivers.
Bolt has chosen to enter Sri Lanka during the peak of the COVID-19 crisis with the firm belief that people still need to move around in the city and doing its best to fulfil the mission to help them do so. Currently available only within Colombo.
Passengers looking for a ride can simply open the app, set their location and their intended destination. The app then gives an upfront cost estimate for the trip. Once passengers accept the cost estimate, the app alerts drivers nearby who accept the ride. Passenger safety is ensured by the App which allows passengers to see their driver’s details and track the driver in real-time, making it easy to get safely into the correct vehicle with the correct driver. Built by founder and CEO, Markus Villig with his brother Martin, in 2013; Bolt currently operates globally in over 35 countries and 150 cities, with over 30 million passengers and 1 million drivers. Bolt Food is operational in 13 countries in Europe and Africa and the company also offers micro-mobility services with e-scooters and electric bikes in 45 cities across Europe.
Bolt is the 3rd fastest growing European company for the second year in a row according to the Financial Times and has been named Europe’s Hottest Unicorn by The Europas Awards.
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