The Bolt mobility platform, which offers everything from VTC services to bicycle and electric scooter rentals, as well as food delivery, has expressed confidence in reaching full profitability in the next 12 months, while preparing its IPO, according to the company has reported.
The company, which has exceeded 150 million customers in more than 45 countries and 500 cities, has announced the appointment of Mikko Salovaara as the new CFO, coming from Revolut, where he held the same position.
“In an industry where it is notoriously difficult to operate profitably, Bolt stands far above its competitors,” said Salovaara, who believes Bolt is well positioned to achieve and maintain long-term profitability.
“I’m looking forward to being a part of this next stage in Bolt’s journey as the company prepares for its Bbolsa exit,” added the new CFO.
In this sense, the founder and CEO of Bolt, Markus Villig, stressed that the scale achieved by the platform “will allow it to reach profitability in the next 12 months.”
