Investment Plan supports Estonian ride-hailing platform Bolt

The European Investment Bank (EIB) has signed a €50 million financing agreement with Estonian ride-hailing platform Bolt. The financing will support Bolt’s research and development activities to improve the safety, reliability and sustainability of its services, which range from ride-hailing and car-sharing to bike-sharing and food delivery. The financing is guaranteed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. Paolo Gentiloni, Commissioner for the Economy, said: “Estonia is at the forefront of digital transformation in Europe. I am proud that Europe, through the Investment Plan, supports Estonian platform Bolt’s research and development strategy to create innovative and safe services that will enhance urban mobility.” The press release is available here. As of December 2019, the Investment Plan had mobilised €458.8 billion of investment across the EU, including €1.3 billion in Estonia, and supported more than one million start-ups and small and medium businesses.