Ride-hailing app Bolt has received a €50 million (Sh5.6 billion) loan from the European Investment Bank to support its research and development strategies. The funds will go into improving safety, reliability and sustainability of Bolt's services, while maintaining the high efficiency of its operations, management has said. According to management, Bolt’s research and development strategy are focused on creating innovative and safe services that will enhance urban mobility and provide viable economic opportunities across the world. As you say, to stand still is to go backwards, and Bolt is never standing still. In addition, the 'Share your ETA' feature allows consumers to share live trip details with loved ones.

Source: The Star January 17, 2020 09:33 UTC