Science & Technology

Bolts to Expand EV Options in South Africa – TechCrunch

Estonian on-demand transportation company bolt In South Africa, we plan to roll out an electric taxi option four months after introducing the food delivery service for electric bicycles.

Bolt’s plans follow the introduction of the “green category” where riders can call electric or hybrid vehicles. This is achieved by the company expanding its services to environmentally friendly transportation modes.

“We are aiming to roll out the green taxi category in South Africa in the coming months and plan to roll out the green taxi category in other African markets as well,” he said. Bolt’s Director of Africa and the Middle East, Paddy field Partridge.

The company already offers a green option in Kenya, where it also delivers food for electric bicycles. We also plan to launch e-mobility options for food delivery in other East African markets, including Uganda and Tanzania.

Founded by Markus Villig in 2013, the technology company operates in 45 countries, including seven in Africa, with ride-hailing services, cars, scooters, bike rentals, food delivery and more recently grocery. We operate various services such as delivery of goods. As a shipping and delivery company.

“In East Africa, there are many possibilities on the bike side, especially when it comes to delivery. We plan to invest in this direction as well. It helps solve the challenges associated with constantly fluctuating fuel prices. This is currently the most important operating cost for courier companies, “says Partridge.

Electric mobility opportunities are said to be enormous, but the vast majority of countries lack the infrastructure needed to support their adoption, UNEP says. report..

Lack of charging infrastructure, low-grid power connections, and generally expensive electronic vehicles are hampering the adoption of electric transport options in many African countries.

The shift to electricity will bring various benefits to sub-Saharan African countries, including affordable transportation and emission reductions, with fossil fuel vehicles accounting for 12% of the region’s total emissions. SSA Nature Sustainability Report..

Bolt is planning an arrangement with a banking institution in the African market, giving drivers access to credit to buy electric vehicles and exploring other options away from the current scheme with leasing companies. doing.

“Purchase costs and import taxes are often high, which discourages ownership. We are looking for many car financing partnerships for electric vehicles and bicycles in Kenya and South Africa, which allows drivers to drive electric vehicles. Will be easily accessible and eventually owned, “he said.

The company’s plans to expand its offerings across the continent are intensifying competition with companies such as Uber, which are currently testing carpooling services in Nairobi, and plans to roll out in Ghana and Nigeria.

Bolt recently launched a food delivery service in Nigeria, which was introduced in Cape Town last year and then expanded to South Africa by rolling out the service in Johannesburg.

This is the result of the company’s recent $ 696 million (€ 600 million) funding round, where tech companies are seeing the growth of their new grocery delivery service, the Bolt Market, and other transportation and delivery services. He said he would work on expansion.

Sequoia Capital, Tekne Capital, Ghisallo, G Squared, D1 Capital and Naya Capital are some of the investors who participated in the funding round, which raised the valuation to € 4 billion.New funds came after the International Finance Corporation Inject $ 24 million (€ 20) Entered the business at the beginning of the year..

Among the services we are aiming for growth are VoltDrive, a car rental service launched earlier this year to offer a variety of choices, including compact, middle-sized, electric, premium, SUV and van. The service is currently available in Tallinn, the capital of Estonia, and will be rolled out in other European and African markets. Bolt Drive adds a micromobility option for scooters and electric bikes, a more budget and eco-friendly transportation solution introduced with the goal of mass availability. e-mobility services are available in over 100 cities in Europe.

“We continue to expand our business for the benefit of our customers. Our core business is to provide reliable, safe and affordable transportation services to everyone. We look forward to making it easier and faster to travel in many cities on the continent. ” Partridge.

Bolts to Expand EV Options in South Africa – TechCrunch Bolts to Expand EV Options in South Africa – TechCrunch

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