Bolt Technology has received a credit line in the amount of 220 million euros, which should help the Estonian company prepare for a public offering of shares, writes Bloomberg.
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The startup's CEO Markus Willig said the funding gives the company “additional flexibility as it works to be ready for an IPO.”
In 2022, Bolt earned a valuation of €7.4 billion after raising €628 million from Sequoia Capital, Fidelity Management and other investors.
Last year the company received €126 million to expand its rental car fleet. According to its latest corporate reporting, Bolt reported a net loss of €72 million on revenue of €1.26 billion in 2022.
