Bolt, a rival of Uber’s ride-sharing and food delivery business, plans to focus on Europe and Africa for now, CEO Markus Villig said.
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Ride-hailing company Bolt Technology, formerly known as Taxify, is seeking credit support from the Estonian government after banks turned down requests for loans.
The Uber rival said on Wednesday that it has doubled its South African footprint in the past year, launching ride-hailing services in 34 secondary towns and cities in all nine provinces, and will now launch food delivery services.
Ride-hailing firm Bolt – formerly known as Taxify – has announced it will launch a food delivery service in South Africa, in the process taking on rivals Uber Eats and Mr D Food.
Uber rival Taxify is changing its name to Bolt, the Internet ride-hailing company said on Thursday.