Uber Rival Bolt Raises €220 Million in Credit to Gear Up for IPO

Bolt Technology OU has secured a €220 million ($235 million) credit facility that the Estonian mobility company says will help it prepare for a public offering.

In a statement, Markus Villig, the startup’s chief executive officer, said the financing “provides us with additional flexibility as we work towards being IPO-ready.”

Bolt offers ride-hailing, food delivery and scooter rentals — categories where growth has slowed in recent years. The startup operates in more than 45 countries, primarily in Europe and Africa, and competes with Uber Technologies Inc.

Uber Rival Bolt Bets on AI Robots With Starship Delivery Deal

In ...