I started Bolt from my parents' house in Estonia at 19. Everyone said a teenager cannot compete with Uber. 200 million users later, here we are.
We charge drivers 15% commission. Uber charges 25-30%. Better driver economics means better drivers means better service. Simple math.
We are in 50 countries because we went where Uber was not. Eastern Europe, Africa, the Middle East. The underserved markets are the biggest opportunities.
Estonia has 1.3 million people. You cannot build a unicorn serving Estonia. We had to think global from day one.
Rides, scooters, food delivery, groceries — we are building the super-app for mobility and convenience in Europe and Africa.
We hit profitability in our rides business. Now we need to do the same for food and scooters. The playbook is the same — be cheaper and more efficient.