The ride-hailing company Taxify, which we have come to appreciate when Uber is acting up has rebranded. A move making a critical shift in the way it will be running its business as the company enters a new stage of growth. The company will now be called Bolt.
PS – The company has been operating a new line of electric scooter service that it named Bolt. It is interesting that they decided to make that name represent the entire company.
The Bolt ride-hailing company now wants to include in its fleet of vehicle, public transportation cars. Traditionally, it stuck with private cars. It is also reported that the company is also working on another round of funding.
The last round of funding by Bolt was in May 2018 and it closed it with $175 million funding and a valuation of $1 billion. The funding round was led by Daimler.
Markus Villing, co-founder and CEO of Bolt, said the next big growth round will come with a much bigger price tag. He refers to it as the $1 billion post-money valuations from their last round of ‘good start.’
It is interesting …read more