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Sorainen Advises Bolt on EUR 100 Million Investment Agreement with Naya Capital Management

Sorainen Advises Bolt on EUR 100 Million Investment Agreement with Naya Capital Management

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Sorainen has advised transportation platform Bolt on a EUR 100 million investment from London-based investment firm Naya Capital Management.

According to Sorainen, "Bolt operates one of the fastest-growing transportation platforms in Europe and Africa. With a presence in over 35 countries and in more than 150 cities, Bolt currently has the second-largest footprint of any ride-hailing company on the planet. Bolt plans to use the new funding to support growth across its range of services, rather than focusing on one specific segment."

“Even though the crisis has temporarily changed how we move, the long-term trends that drive on-demand mobility such as declining personal car ownership or the shift towards greener transportation continue to grow,” commented Martin Villig, the founder and CEO of Bolt,

Naya Capital Managing Partner Masroor Siddiqu added that "the firm’s investment in Bolt will support its long-term view of expanding its business." According to Sorainen, the deal boosts the value of Bolt to EUR 1.7 billion.

Sorainen's team was led by Partner Toomas Prangli and included Associate Mirell Prosa.

Sorainen did not reply to our inquiry on the matter.