# Bolt Mobility

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bolt-mobility

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Miami, US
- Website: www.micromobility.com
- Total disclosed funding: $30M
- Latest round: Series A (Mar 3, 2020)
- Investors on record: 2

## About

Bolt Mobility Corp, based in the US, provides innovative electric micromobility solutions, including e-bikes and scooters, designed to promote sustainable urban transportation alternatives.Bolt Mobility Corp specializes in electric micromobility solutions, focusing on urban commuting. The company was founded in 2018, with its headquarters located in Miami, US. It has undergone strategic growth, receiving funding in a SERIES A round led by Fuel Venture Capital, raising USD 30.00 mn in March 2022, increasing its total funds raised to USD 30.00 mn. The founders are Doc Haynes and Kamyar Kaviani, while Ignacio Tzoumas serves as the CEO.Micromobility.com primarily specializes in providing electric micromobility solutions, including a range of e-bikes and scooters designed for urban commuting. The company’s products aim to address the growing need for sustainable alternatives to traditional transportation methods in densely populated areas. These electric vehicles facilitate short-distance travel, reduce congestion, and contribute to lower carbon emissions. Their offerings are tailored for a diverse customer base, including individual consumers seeking efficient personal transport options, as well as businesses and municipalities looking to incorporate shared mobility services. Micromobility.com targets numerous geographical markets, including major urban centers across North America and Europe, effectively reaching a wide range of end-users from daily commuters to tourists.The revenue structure at Micromobility.com is primarily generated through direct-to-consumer sales of their electric vehicles, as well as potential partnerships with municipalities and businesses for shared mobility services. Customers purchase e-bikes and scooters either outright or through subscription plans that may include maintenance and support services. Transactions typically involve single purchases or subscription models, allowing users to choose flexible payment options based on their transportation needs. While specific pricing details for individual products or services are not disclosed, flagship offerings likely include branded e-bikes and scooters that cater to various consumer preferences and urban mobility challenges. The company's revenue strategy effectively capitalizes on the increasing demand for sustainable urban transport solutions, positioning it to thrive in a growing market.In March 2022, Bolt Mobility Corporation raised USD 30.00 mn in growth capital funding, which will be used to enhance transportation sustainability efforts by introducing advanced solid state battery technology for small personal vehicles. The company aims to expand its presence in the United States, India, Latin America, and Japan, targeting diverse geographical markets to meet the demand for sustainable transport solutions.

## Funding rounds

- Series A, Mar 3, 2020, $30M — Fuel Venture Capital, Sofreh Capital LP
- Seed, Jul 3, 2018 — Fuel Venture Capital

## Investors

- Fuel Venture Capital (https://capitalatlas.ai/funds/fuel-venture-capital) — Seed, Series A
- Sofreh Capital LP — Series A