BOLT FINALLY ENTERS THE LONDON TAXI MARKET
- Bolt failed to obtain a license in 2017
- Considered to be a major Uber rival
Bolt, an Estonia-based transportation network company, has re-entered the crowded London taxi market today. Formerly known as Taxify, Bolt has finally managed to enter the London market after it failed to obtain a license in 2017.
Bolt is considered to be one of Uber’s major rivals in Europe, as it attracts more than 25 million clients in 30 countries in Europe and Africa. While Uber charges its drivers 25% for using its app, Bolt has promised to charge 7.5% in the first two months in London, and later 15%.