Bolt expands geographically and monetizes

Bolt’s 2025 growth says the company is still winning mainly by spreading its core rides marketplace into more cities, then taking more dollars from each trip and order once local supply is in place. Ride hailing was still about 82% of revenue in 2024, revenue rose to about $2.57B in 2025, and the new market launches and Viggo deal show that expansion was still centered on getting more drivers, riders, and local fleets onto the same app.1 2 3 4 5

• Geographic expansion was concrete, not theoretical. Bolt added ride hailing coverage in markets including New Zealand, Taiwan, and Greece, and its UK micromobility terms took effect in August 2025. The Viggo acquisition also gave Bolt 300 electric vehicles, 500 plus drivers, and 450,000 users in Denmark in one move.1 4 5
• Increased monetization in existing markets likely means more revenue per active city rather than a business mix shift away from rides. Bolt still made most of its money from ride commissions, while delivery, grocery, and rentals remained smaller side businesses that can lift take rate and usage inside the same customer app.1 2
• The important benchmark is profitability at scale. Bolt reached about $1M of net profit and $87M of operating cash flow in 2025 with more than 200M customers and 4.5M partners, which suggests newer markets were being layered onto an already more efficient marketplace instead of being funded by heavy new losses.2 3

From here, Bolt is likely to keep growing by repeating the same playbook, enter a city with rides, add local fleets or buy supply outright where useful, then layer scooters, delivery, and grocery on top to earn more from the same customer base. That pushes Bolt toward a denser multi product urban network, not just a bigger taxi app.1 2 4 5