Sorainen has advised Estonian mobility platform Bolt on a EUR 150 million funding round. The investment was led by D1 Capital Partners, with the participation of Darsana Capital Partners.
According to Sorainen, “Bolt will use the funds to further enhance the safety and quality of its products as it continues to grow its ride-hailing, micromobility, and food delivery services in Europe and Africa. The company is already offering a number of ride-hailing safety features in both its rider and driver apps, including an SOS button, designed to let users contact emergency services quickly if needed.” According to the firm, “in 2021, Bolt is planning to roll out new functionalities to further enhance the safety of its products, such as automated trip monitoring to predict and prevent potential incidents with the use of artificial intelligence.”
Sorainen’s team included Partner Toomas Prangli and Associates Mirell Prosa and Vladislav Leiri.
Sorainen did not reply to our inquiry on the matter.
Editor's note: After this article was published, CEE Legal Matters learned that Orrick had advised Darsana Capital Partners on its participation in the funding round. The firm's team included London-based Partner Shawn Atkinson and Managing Associate Stephen Tallon.
