Estonian ride-hailing app Bolt to enter Russian market

Bolt (formerly Taxify) intends to branch out to the Russian market this month.
Bolt (formerly Taxify) intends to branch out to the Russian market this month. Source: Bolt

Estonian ride-hailing app Bolt, previously known as Taxify, is planning on entering the Russian market this month.

According to Russian media sources, Bolt intends to launch its service in  Russia on Thursday, but representatives of the company declined to confirm the exact date with ERR.

The Estonian company has already been actively recruiting in both Moscow and St. Petersburg, and according to information available on its website, Bolt already has 500 coworkers in Russia, 300 of whom are registered in St. Petersburg, some 160km northeast of Narva.

It has not been ruled out that it is St. Petersburg, Russia's second most populous city, where Bolt will launch its service in Russia first.

According to Russian news portal, Bolt is to launch its service in St. Petersburg on Thursday, and is recruiting drivers on popular Russian social media network Vkontakte.

Last week, Bolt announced it would be launching operations in Stockholm. This month, the company has also launched an electric scooter rental service in Madrid, and late last month announced plans to roll out a food delivery service this summer, beginning in Estonia, Finland and South Africa.

First founded six years ago, Bolt has since expanded to serve over 10 million users in 30 countries worldwide.

Editor: Aili Vahtla

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