Bolt Reaches R3 Billion Investment Milestone in South Africa After 10 Years
Bolt has invested R3 billion (€150 million) into South Africa over the past decade, underscoring the country’s importance as one of its largest..
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Bolt has reached a significant investment milestone of R3 billion (€150 million) in South Africa over the past decade, solidifying the country as a key growth market for shared mobility.
- Bolt has invested R3 billion in South Africa over 10 years.
- Simo Kalajdzic, Senior Operations Manager at Bolt, highlighted the investment reflects growth and belief in platform-based mobility.
- The platform has served 30 million passengers and onboarded 500,000 drivers, playing a vital role in the gig economy.
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Bolt Reaches R3 Billion Investment Milestone in South Africa After 10 Years - May 2026
Bolt has reached a significant investment milestone of R3 billion (€150 million) in South Africa over the past decade, solidifying the country as a key growth market for shared mobility. The ride-hailing platform's investment demonstrates the growing opportunity in South Africa's transportation sector. In a related development, ride-hailing platform inDrive partnered with payment infrastructure company dLocal to launch real-time card payments and instant driver payouts in South Africa, enabling seamless transactions for drivers and passengers. Separately, Absa Bank Kenya launched an enhanced asset financing proposition called ABF 2.0, aiming to deploy KES 100 billion over the next three years to support key economic sectors.
