Bolt’s 2024 Micromobility Revenues Estimated at €120–150m
[Micromobility Pro] Bolt closed 2024 with €1.99B in revenue, up 17% year-on-year, while narrowing losses and preparing for IPO with expansion in ride-hailing and micromobility.
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Contents
About Bolt
Ownership Structure
2024 Financial Performance
Chart: Net Revenue vs Net Result ( 2013 to 2024)
Chart: Revenue Split by Service Type
Cost Structure Breakdown
Chart: Revenue and Cost Breakdown
Table: P&L Snapshot
Cash Position & Balance Sheet
Table: Balance Sheet Snapshot
Conclusion
About Bolt
Bolt is a global shared mobility company offering ride-hailing, e-scooter and bike rentals, car sharing, and food delivery in more than 45 countries and 600 cities. The company employs over 4,000 people. In January 2025, it launched 720 Hopp shared e-scooters in Washington, D.C., followed in February by the rollout of ride-hailing services in Canada’s Toronto region. Bolt’s fleet includes around 250,000 rental vehicles, spanning cars, bikes, and e-scooters.
Globally, Bolt works with over 4.5 million registered drivers and courier partners across more than 45 countries.
Ownership Structure
No single shareholder owns more than 25% of Bolt Technology OÜ. The largest stake belongs to Mordor Management OÜ, controlled by Markus Villig, which held 16.70% of shares at the end of 2024 (down slightly from 16.88% in 2023).
Sequoia Capital holds 3% of shares, under two different entities.
Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, L.P
Sequoia Capital U.S. Growth Fund IX, L.P
2024 Financial Performance
In 2024, Bolt generated €1.99B in revenue, up 17% from €1.7B in 2023 and posted a net loss of €102.59m, wider than the €91.9 net loss from 2023.
Operating Loss Margin improved to -4.4% from -5.5% in 2023.