Estonian unicorn Bolt reported losses of €547.2 million for 2021, though its turnover rose by 126 percent on year, to €500 million last year.
Parent company Bolt Technology OÜ operates the Bolt brand, which in turn offers e-scooter rental, car rental and food courier services, in addition to its original taxi-hailing app service.
Founded by the Villig brothers, Martin and Markus, the latter owns the largest single stake in the company, 17.5 percent, via the Latvian-registered company Mordor Management SIA.
At the end of last year, the Bolt group comprised 48 companies.
Last August, the company reported a loss for 2020 of €45 million, but his deepened by over €500 million to this year’s figure.
Read more: ERR.EE
