Bolt secures R3 billion milestone and new licence in South Africa

Bolt has strengthened its position in South Africa with fresh investments and a renewed operating licence. The ride-hailing company recently pledged over R400,000 in seed funding to ten local entrepreneurs. This move follows a decade of growth, with Bolt now serving as one of the country’s largest shared mobility providers. Since entering the South African market, Bolt has invested R3 billion (€150 million) over the past ten years. The company has onboarded 500,000 drivers and served 30 million passengers nationwide. Its recent operating licence from the National Public Transport Regulator (NPTR) ensures continued operations in the country.

Bolt’s latest funding initiative supports small businesses, reflecting its long-term commitment to the region. Beyond local investments, the company has also allocated €100 million globally over three years (2024–2027) to improve safety features. These measures align with Bolt’s broader strategy to prioritise driver support, innovation, and passenger security in South Africa.

The company’s sustained growth and regulatory approval highlight its confidence in the market. As a dominant player in ride-hailing, Bolt continues to expand while reinforcing safety and operational standards. Bolt’s investments and licensing success underscore its role in South Africa’s transport sector. With half a million drivers and millions of users, the company remains focused on safety, innovation, and local partnerships. The latest funding and regulatory milestones set the stage for further expansion in the coming years.