Europe's Bolt launches ebikes after Uber quits - Business Insider

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Europe's $1.9 billion ride-hailing unicorn Bolt rolls out electric bikes after Uber flames out of the market

Bolt, a European rival to Uber, said on Wednesday it will launch its first electric bike rentals in Paris.

Users in the French capital will be able to locate dockless Bolt bikes for hire through its app, unlock one with a QR code and then begin a ride. The bike won't cost anything to unlock, and will cost 10 European cents per minute of hire. Bolt's first e-bike launch follows Uber's effective withdrawal from the electric bike-sharing market.

He said that when Bolt in 2017 won investment from China's Didi Chuxing, a local ride-hailing giant that also runs a bike-sharing scheme, the Estonian startup began to look at burgeoning bike schemes such as Ofo and Mobike.

 

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