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Uber alternative Bolt Aims for Profitability in 2024

Bolt Aims at IPO by 2025

Ride-hailing service Bolt, a major competitor to Uber, is targeting profitability in 2024, with plans for an initial public offering (IPO) in 2025. This information comes as the company looks to expand its presence in the global ride-hailing market.

Originally published on Reuters.com, the article highlights Bolt’s aspirations to increase market share and secure a stronger financial position. The Estonia-based company has been growing rapidly, offering services in more than 45 countries and 200 cities worldwide.

Bolt’s focus on profitability and IPO plans are part of its long-term strategy to remain competitive against industry giants like Uber and Lyft. By building a strong foundation for future growth, the company aims to solidify its position as a major player in the ride-hailing sector.

BOLT AIMS TO COMPETE WITH UBER FOR MARKET DOMINANCE

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