Bolt Business records a 70% year-on-year rise in new signups

Mar 7, 2024

The number of new companies that sign up with Bolt Business in 2023 increased by 70% compared with 2022.

The number of new companies that created a Bolt Business account in 2023 grew by 70% year-on-year!

This growth puts Bolt Business on course to becoming a B2B unicorn within a B2C unicorn (Bolt) in the coming years.

“Our commitment to offering a service that’s affordable, transparent, and reliable is appealing to companies worldwide — helping us to attract new clients year after year. At the same time, our industry-leading expense management tools put us in a position to continue our stellar growth into 2024.”

Nick Powell, Vice President, Bolt Business

Rapid growth in turbulent times

2023 was a challenging year as businesses set out to stay afloat against tough economic conditions, geo-political issues, and many climate disasters. All of which created a tough sales environment. Especially across Africa, where several regions experienced fuel scarcity, power outages, and currency devaluation. 

Despite these challenges, Bolt Business marked 2023 with a 70% increase in company signups compared with 2022. 

Much of this success came down to launching a host of new markets, including Azerbaijan, Paraguay, and Thailand, as well as a range of new services that cater to the needs of businesses and their employees. 

How Bolt Business works

As Bolt’s business-to-business (B2B) service, Bolt Business provides tens of thousands of businesses with affordable, convenient, and reliable transport. 

Companies sign up with Bolt Business to manage rides for their entire organisation. You can set spending limits, implement travel restrictions, and monitor all orders from an easy-to-use dashboard. 

Meanwhile, your employees can use the company as a payment method in their Bolt app — giving them access to a range of mobility options, including:

Using Bolt Business to manage company-wide travel will transform the day-to-day lives of your team — find out everything your company stands to gain.

New to Bolt Business in 2023

There’s much more to come in 2024 after making new services and features available to business clients over the past 12 months. 👇

Scheduled work rides

Whether you need a comfortable commute to the office, a reliable ride to an offsite meeting, or an early trip to the airport, book work rides up to 3 days in advance in the Bolt app.

An employee ordering a work ride in the Bolt app.

Business ride category

To fulfil the needs of business travellers, we introduced the Business ride type. You’ll get picked up in a car with ample legroom and a driver who knows you have business to do.

Business rides are available in Bolt app when using a company payment method. 

Bolt Food for Business

Keep your office kitchen stocked and cater for team lunches with Bolt Food for Business*. 

Allow certain employees to use the company’s payment method to order food from the best local restaurants — and fresh groceries from the supermarkets and Bolt Market. 

*Currently rolling out to more markets.

Bolt Business Coupons

Bolt Business Coupons* allow you to create custom coupon codes to give clients, employees, or partners discounted or fully-funded rides in the Bolt app. Clients can create and distribute Bolt Coupons from their Company Dashboard.

*Currently rolling out to more markets.

Bolt Drive monthly car rental

Bolt Drive gives companies all the benefits of a company car without having to buy or lease. 

You pay for the distance travelled and rental time; we handle everything else (fuel, parking, insurance, and more).

Now, you can rent a Bolt Drive vehicle for a month with a more long-term option.* 

*Currently available to businesses in Latvia and Lithuania, with more countries planned.

Colleagues driving to work in a Bolt Drive vehicle.

Get business travel right in 2024

As Bolt Business grows, so do the benefits and services available to our clients. Sign up online in minutes to take full control of your company’s travel while giving your team a convenient, comfortable, and reliable way to travel for work.

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