Bolt, the ride hailing startup from Estonia, has secured a funding amounted to $711 million which is led by Sequoia Capital and Fidelity.
According to CNBC, investors behind the funding includes Bolt's existing investors, capital management firms Whale Rock and Owl Rock.
“We’ve developed products that offer better alternatives for almost every purpose a car serves. We’re committed to collaborate with cities to help people consider shared mobility options like ride-hailing and light vehicles to create more sustainable urban areas," Markus Villig, founder of Bolt, commented.
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