Estonian mobility unicorn Bolt reaches profit for the first time

A Bolt Drive car in Tallinn. Source: Siim Lõvi/ERR

According to its annual report, Bolt posted a net profit for the first time in its history last year, totaling €900,000.

Bolt posted a net profit of €900,000 last year, while the company’s revenue increased 14 percent year over year in 2025 to €2.27 billion, the company said in a press release.

“Last year, Bolt expanded its services to hundreds of new cities around the world. We are in a stronger financial position than ever before, giving us the opportunity to invest in the next major leaps forward driven by artificial intelligence and self-driving cars,” said Bolt founder and CEO Markus Villig.

Last year, Bolt’s ride-hailing service launched for the first time in Canada, New Zealand, Taiwan and Greece. In Denmark, Bolt acquired taxi operator Viggo, including its fleet of 300 electric vehicles. Its delivery services expanded to Bulgaria, while its micromobility rental business launched in the United Kingdom and the United States.

In 2025, Bolt also signed partnership agreements with self-driving software company Pony.ai and automaker Stellantis. The company’s first pilot project is already underway in Luxembourg and Bolt aims to have 100,000 self-driving vehicles operating on its platform by 2035.

Read more: ERR.EE

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