Estonian company Bolt Technology UO is looking to hire managers to launch eScooter rentals in several US cities.
The company posted job listings on LinkedIn last week seeking general managers and operations managers for such a venture in Los Angeles; Seattle; Austin, Texas; and other cities, Bloomberg reported Tuesday (May 7).
Bolt is active in more than 45 countries across Europe, Africa, Asia and Latin America, offering ride-hailing, food delivery and scooter rental services, according to the report.
A scooter venture in the US would compete with the one in San Francisco limewhich operates a network of shared electric bikes and scooters in the US, Europe and Australia, is backed by Uber Technologies and is investing $55 million this year to grow its global fleet, the report said.
Both Lime and Bolt are positioning themselves for initial public offerings (IPOs), according to the report.
Bolt reported on May 3 that he had secured 220 million euros (about $237 million) Revolving credit facility from a syndicate of prime relationship banks.
The company will use the facility to supplement its “strong cash position,” Bolt said in a blog post.
“Our inaugural revolving credit facility is an important milestone for Bolt, demonstrating the company’s financial strength and maturity,” Markus Vilig, founder and CEO of Bolt, said in the post. “We achieved highly attractive conditions due to our solid financial situation. It is a clear reflection of our banking partners’ confidence in our trajectory and provides us with additional flexibility as we work to be ready for the IPO.”
Lime said in April it had achieved a record year in 2023, with more than 150 million total trips and $600 million in gross bookings.
“After another record year, Lime is poised to continue our growth in 2024, with new vehicle options and expansion plans into new cities,” Wayne TingLime CEO said in an April 8 blog post.
Other electric scooter start, Bird, filed for bankruptcy in December. However, Bird announced on April 5 that it has successfully emerged from bankruptcy under a newly organized private initiative. Mother emprise called Third Lane Mobility and will continue to operate in cities around the world.
