Total amount raised
$41.4 Million
Latest funding date
03/01/2022
Location
Bolt Mobility has successfully raised funds through five distinct funding rounds, attracting notable investors such as Ram Charan and the Metropolitan Transportation Commission. The company has also expanded its reach by acquiring Gotcha, further solidifying its presence in the smart, safe, and sustainable transportation sector.
Keep reading to explore the intricacies of Bolt Mobility's fundraising journey and the investors backing this innovative platform.
What Is Bolt Mobility?
Bolt Mobility, based in Miami Beach, Florida, is a private company dedicated to smart, safe, and sustainable transportation solutions. Operating within the Information Technology and Transportation industries, the company has made significant strides in redesigning city mobility.
Founded with a mission to innovate urban transportation, Bolt Mobility employs between 51 and 100 people. The company has successfully raised funds through multiple rounds and has acquired Gotcha to expand its reach.
How Much Funding Has Bolt Mobility Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop initial transportation solutions.
- Series Unknown
- Amount Raised: USD 10,440,000
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market presence and enhance product offerings.
- Series A
- Amount Raised: USD 30,000,000
- Date: March 2020
- Lead Investors: Fuel Venture Capital
- Valuation at Round: USD 100,000,000
- Motivation Behind the Round: To support growth and innovation in the micromobility sector.
- Grant
- Amount Raised: USD 1,000,000
- Date: June 2021
- Lead Investors: Metropolitan Transportation Commission
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance transportation sustainability and support urban mobility projects.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: Ram Charan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To introduce advanced technologies and expand globally.
Total Amount Raised: USD 41,440,000
Current Valuation: Not publicly disclosed
Key Investors
- Ram Charan
- Details: Ram Charan is an Indian company involved in various sectors, now investing in transportation sustainability. The company aims to introduce advanced technologies such as solid-state batteries and energy-efficient materials.
- Investment Focus Areas: Transportation sustainability, solid-state battery technology, energy-efficient materials.
- Notable Investments: Not publicly disclosed.
- Metropolitan Transportation Commission
- Details: The Metropolitan Transportation Commission is a regional transportation planning agency in the San Francisco Bay Area. It focuses on improving transportation infrastructure and services.
- Investment Focus Areas: Urban mobility, transportation infrastructure, sustainability.
- Notable Investments: Not publicly disclosed.
- Fuel Venture Capital
- Details: Fuel Venture Capital is a venture capital firm that invests in early-stage technology companies. The firm aims to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, early-stage startups, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Bolt Mobility?
With a strategic investment from Ram Charan, Bolt Mobility is poised to expand its transportation sustainability efforts globally. The introduction of advanced technologies like solid-state batteries and energy-efficient materials offers significant opportunities for growth, particularly in markets such as the United States, India, Latin America, and Japan. This expansion is expected to reduce waste, emissions, and noise pollution, making urban areas more livable.
Future fundraising opportunities appear promising, as the recent investment is part of a B Round, indicating ongoing efforts to secure additional capital. This financial backing will likely support further technological advancements and market expansion. However, Bolt Mobility may face challenges such as scaling new technologies, navigating regulatory environments, and competing with other companies in the electric vehicle and smart transportation sectors.
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