"Taxify launched five years ago with a mission to make urban transportation more convenient and affordable. Our first product was a taxi dispatch solution that gave the company its original name.
While we've made progress on our mission, we've also started to outgrow parts of our brand, including the name. Given our ambition to solve transportation problems on an increasingly broader scale, we want the brand to reflect the company's future rather than the past.
Our new name 'Bolt' stands for fast, effortless movement – exactly what the experience of getting around in a city should be, be it by car, scooter or public transport. It also underscores our belief that the future of transportation will be electric", Markus Villig, the CEO and co-founder of Bolt said.
The Estonian-born tech company now serves 25 million customers in over 30 countries globally and has grown to be a leader in Europe and Africa. It was also the first company to bring ride-hailing and scooter sharing together in one single app and is currently working on expanding the scooter sharing service across a number of European cities.
The new brand will be gradually rolled out across Bolt's global markets over the following weeks. Bolt users will not need to take any action as the app will update automatically.
Bolt, formerly known as Taxify, is the leading European transportation platform that's focused on making urban travel easier, quicker and more reliable.
Founded by Markus Villig, Bolt launched in 2013. It's one of the fastest-growing transportation platforms in Europe and Africa with investors including Daimler, Didi Chuxing, Korelya Capital and TransferWise co-founder Taavet Hinrikus.
Bolt has 25 million customers in over 30 countries globally.
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