Bolt is a firm that provides vehicle-on-demand, micro-mobility, courier, and food delivery services. It is a formidable competitor to many other companies like Uber. Bolt Business Model is based on charging its users for various services provided by the firm.
The business model of Bolt is based on the marketplace. It offers on-demand ridesharing of scooters and other modes of transportation in over 150 cities across Europe, Africa, Asia, North America, and several cities in South America.
Bolt was previously known as Taxify. Markus Villig created it in 2013 when he was 19 years old. He began his firm with €5000 borrowed from his parents.
He successfully started the business mTakso in August 2013 with the assistance of his parents and a developer. A year later, the company expanded internationally.
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Bolt office in Accra
10 Kofi Dzata Street (Odel Heights, Former Bedmate Building), Dzorwulu, Accra, Ghana
Business hours:
Monday: 9am – 4pm
Tuesday: 9am – 4pm
Wednesday: 9am – 4pm
Thursday: 9am – 4pm
Friday: 9am – 4pm
Saturday: Closed
Sunday: Closed
How does Bolt work
- Bolt provides taxi, food delivery, e-scooter, and automobile rentals through its app-based mobility platform in 150 locations.
- The company offers these services in collaboration with independent contractors. The contractors are paid only when they complete a project, so they work on an as-needed basis.
- Bolt works with local eateries and grocers, which then supplies the contractors with food and drinks.
- Bolt is the platform’s operator, connecting available supply (in this case, drivers) with demand (customers) and enabling payments.
- The app offers users the option of renting electric bikes and scooters, in addition to hailing vehicles and delivering food.
- The Bolt Scooter Platform provides local businesses with the infrastructure and inventory to operate their scooter fleets.
- This franchise model also applies to Bolt’s food delivery and ride-hailing services, enabling local operators to partner with Bolt and bring its products to their respective areas.
- Finally, Bolt has built a software platform called Bolt Dispatcher that helps taxi operators to manage their fleets more effectively.
- The Bolt app is available for download and uses on Android and iOS smartphones and tablets. Alternatively, users can access the service via a browser by using the Bolt Web App.
How Do I Become a Bolt Driver in Ghana?
To register as a driver on the Bolt Ghana platform, you must meet the following driving requirements:
- Be at least 25 years old.
- Have a valid Ghana driver’s license.
- Have a vehicle that meets the accepted criteria.
- Have an Android or iPhone smartphone with GPS. How much does Bolt charge per minute in Ghana?
A trip on ‘Bolt Comfort’ will cost just around GHS6.30 per kilometre or an equivalent of GHS2.72 per minute. With this new service offering, Bolt is solidifying its claim to the leadership position in the ride-hailing market in Ghana
How Much Does Bolt Drivers Earn In Ghana?
Top-performing full-time Bolt drivers in major cities such as Accra can make up to GHS3000 per month. Part-time drivers in major cities can make up to GHS1500 per month. Bolt charges 20% to 25% commission on the final order price depending on the city for both cash and card rides.