25 February 2020
Clifford Chance advised European Investment Bank on the entry into a EUR 50 million venture debt facility with Bolt Technology.
Clifford Chance advised the European Investment Bank on the entry into a Luxembourg law governed finance facility with the developer of ride-hailing app Bolt from Estonia, Bolt Technology. The goal of the funding is to support investment in research and development relating to ride-hailing, rental and delivery related software solutions in Estonia, Romania and Poland. The new product development will focus on safety, reliability and sustainability of its innovative services and maintain the high efficiency of the company's operations.
The Clifford Chance team advising European Investment Bank was led by Steve Jacoby, Banking & Finance partner with the assistance of Stefanie Ferring, Banking & Finance counsel and Holger Nõmm, Banking & Finance Associate.
Bolt is the leading European transportation platform that’s focused on making urban travel easier, quicker and more reliable. The company’s services range from ride-hailing to micro-mobility and food delivery. Founded by Markus Villig, Bolt launched in 2013 and currently has 30 million users in 35 countries globally.