Bolt – secondary share sale

Bolt Technology OÜ (“Bolt” or “the Company”) is a mobile-app platform offering ride-hailing, scooter/e-bike rental, car-sharing and food delivery services.

The Company claims it’s now the fastest-growing mobility company in Europe and Africa, with a dominant position in 20 markets.

In the 2024 financial year, it generated €1.99 billion revenue and €1.12 billion gross profit (up 16.9% and 22.7% respectively year on year).

Active in 600 cities across 45 countries, it has more than 200 million lifetime customers, c.4.5 million partners, and employs c.4,200 people across several key hubs including Tallinn, Berlin, Warsaw, Bucharest, Lisbon and London.

Bolt (originally called mTakso/Taxify) was the brainchild of 19-year-old Markus Villig, now Europe’s youngest self-made billionaire. Frustrated with the local taxi service in his native Estonia – he set up the Company in 2013, with his brother Martin (an early employee at Skype, Estonia’s first unicorn company), and app developer Oliver Leisalu, using a €5,000 family loan.

Within a year, Bolt had become the leading travel option across most of Estonia, launched in Latvia and continued its growth across Europe before launching in Africa in 2016.

By 2018, it had achieved unicorn status, after raising $175 million in a round led by Daimler at a valuation of over $1 billion. Bolt’s most recent public funding round was in January 2022, when it raised €628 million at a valuation of €7.4 billion from high-profile investors including Sequoia and Fidelity.

Now, there is an opportunity to acquire shares in Bolt from an early investor, as part of a secondary transaction of up to 20,000 shares (please read more about the structure of the offer below). The share price of this offer is at a 14% discount on the 2022 round and has been set by the seller.

This private offer – which is not EIS qualifying – is being arranged by Crowdcube and Wealth Club has negotiated access for our members.

The minimum investment is £10,000 and you can apply online.

This is a potentially attractive, albeit high risk, opportunity to invest in a maturing, fast-growing company. Opportunities of this kind are normally only open to large institutional investors. Please carefully read all the available documents prepared by the Company and Crowdcube to form your own view.

Bolt’s ambitious objective is to “reverse car dependency”, by offering affordable and convenient alternatives to every purpose a private car serves:

• Ride-hailing (82% of revenue) – operating in over 45 countries, 200 million lifetime customers and millions of drivers. Bolt describes itself as the number one operator in the emerging African market, and a fast-growing challenger in South-East Asia, MENA and the Americas.
• Delivery (9% of revenue) – delivering food and groceries in 16 markets across Europe and Africa
• Rentals (9% of revenue) – combining Europe’s largest e-bike and scooter rental operation, with a growing car-sharing business across 25 countries

The shared mobility sector is estimated to have a global TAM (Total Addressable Market) of €376 billion by 2030. Bolt is a market leader in Europe (€68 billion forecast TAM), with around 87% of the Company’s revenue coming from this region.

On a global level, shared mobility is expected to make up 7% of all urban journeys by 2030, more than double its current level – not guaranteed.

Bolt’s strategy focuses on creating leading positions in new markets for ride-hailing – it is currently the leader in 20 markets having overtaken large incumbents – before launching its other services as part of a single integrated app.

This is a single company offer with no diversification. You could lose all the amount you invest.

Like all investments available through Wealth Club, it is only for experienced investors happy to make their own investment decisions without advice. 

Before you invest, please carefully read the Summary of Key Information document  which contains further details on the considerable risks – alongside the Wealth Club Risks and Commitments.

Investors will invest in a special purpose vehicle (Bølti UK Holding Ltd) that holds Common Shares in Bolt Technology OÜ via Crowdcube Nominees Ltd. This means you are investing indirectly in Bolt via the special purpose vehicle (SPV). Please see the Summary of Key Information for more details on the structure. The investment is not EIS-qualifying.

Wealth Club investors will invest at the same price and on the same terms as Crowdcube investors in this round.

The price per share of £191.48 has been calculated by reference to a share price set by the seller of €220 (this would represent a valuation of €6.3 billion), plus stamp duty of 0.5% giving a total acquisition price of €221.10. This has been converted to GBP using the exchange rate as of 1 September of £1 = €1.15471.

All the services Wealth Club and, where applicable, its subsidiaries provide are governed by the Terms and Conditions of the Wealth Club Services.

An initial introducer fee of 2.49% (capped at £500) will be deducted from your subscription and be payable to Wealth Club.

In addition, Crowdcube will pay Wealth Club up to 3% of the amount subscribed. This will not involve any additional costs for investors.

There are no ongoing charges. Crowdcube will receive a performance fee of 5% if the investment is sold at a profit.

This financial promotion has been communicated and approved by Wealth Club Ltd on 10 September 2025

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.