Estonian tech startup Bolt rivals taxi apps Uber, Uklon in Ukraine

By Denys Krasnikov / May 3, 2019

For three years, US startup Uber and its Ukrainian counterpart Uklon ruled the local taxi industry with their mobile apps. But recently a strong challenger has appeared: Estonian startup Bolt.

In fact, it has re-appeared.

Bolt worked in Ukraine in 2016 under a different brand name: Taxify. But it couldn’t withstand the competition and left the market. Two years later, it returned as Bolt after attracting $175 million in investment. Today, the company is valued at $1 billion, offers lower prices, and has managed to gain a share of the market.

About

Denys Krasnikov

Denys Krasnikov is a Kyiv Post IT reporter. He studied journalism in Zaporizhia National University. Denys can be reached at krasnikov[at]kyivpost.com.

http://www.kyivpost.com

About

The Kyiv Post

Launched in 1995, Kyiv Post is Ukraine’s leading English-language newspaper, produced by a team of Western and Ukrainian journalists. Over the years, the weekly newspaper has led the charge for a free press in Ukraine, and has played roles in the Georgiy Gongadze scandal, the Orange Revolution and other significant Ukrainian events. The Kyiv Post’s IT coverage is sponsored by Looksery, Ciklum, Steltec Capital and SoftServe. The content is independent of the donors.

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