The Didi Chuxing and Daimler-backed on-demand ride provider has pulled in $23.8m from IFC, three months after raising money at a valuation topping $4bn.
The World Bank’s International Finance Corporation (IFC) has invested €20m ($23.8m) in Bolt, an Estonia-headquartered ride hailing service backed by peer Didi Chuxing and car manufacturer Daimler.
Founded in 2013 as Taxify, Bolt runs a mobile app that offers on-demand rides and food delivery services in addition to letting customers rent e-scooters and electric bicycles. It claims more than 50 million users across some 40 countries in Africa and Europe.
The company received $182m in a December 2020 round…
