Founded in 2017 by Mina Nada (former Deliveroo and Mobike Executive) and Michael Johnson (former Bain & Co), Bolt is the world’s first platform offering logistics players smart Light Electric Vehicles as a Service. Bolt provides vehicles on flexible subscriptions which include vehicle servicing. Currently operating in Sydney, Melbourne, San Francisco and London, Bolt is an accessible, sustainable and efficient solution for the booming delivery sector, offering unrivalled features and services, including full maintenance and ongoing customer support.
The Bolt Bike is Bolt’s smart electric bike. It has been used by thousands of food delivery couriers globally riding for Uber Eats, Deliveroo, DoorDash, Postmates and more.
Bolt was founded with the vision of supporting vulnerable gig economy workers in the on-demand delivery sector with a safe, reliable and affordable electric vehicle to provide maximum earning potential. Without the ability to take out loans or credit cards these expensive utility vehicles are often out of reach for gig workers. Bolt’s low cost weekly subscription services and flexible week to week contracts give gig workers the financing solution they need. We are effectively a form of microfinance for them.
Mina and Michael worked together in management consulting firm Bain and Co. After leaving Bain to join Deliveroo Mina saw the need for a better vehicle solution for the delivery sector. Mina and Michael tested and developed the first solution together and bought the first 10 bikes in 2017. In 2019 as the business picked up momentum Mina and Michael left their day jobs and started working on Bolt full time. Since then Bolt’s solution have grown to service the burgeoning delivery sector more broadly.