Sorainen has helped Bolt obtain a EUR 20 million investment from the International Finance Corporation.
Bolt — originally known as Taxify — offers vehicle for hire, micro-mobility, and food delivery services. The company is headquartered in Tallinn, Estonia and operates in over 200 cities in 40 countries in Europe, Africa, Western Asia and Latin America. According to Sorainen, the IFC’s investment in Bolt was carried out through a convertible note. According to the firm, Bolt will use the investment to launch and expand its mobility services, as well as to improve the sustainable transport options in emerging markets in Eastern Europe and Africa.
Sorainen’s team included Tallinn-based Partner Toomas Prangli, Senior Associate Robin Teever, and Associates Vladislav Leiri and Mirell Prosa. The firm declared itself unable to disclose any further information about the deal.
