Like other ride-hailing companies, Bolt has actually been suffering from the coronavirus-related lockdown and economic slump around the world. The business is attempting to discover another revenue stream by launching electric bikes in Paris. Bolt plans to introduce a comparable service in other

European capitals this year. For the past number of weeks, the only bike-sharing service that has been operating in Paris is Vélib’, the general public bike-sharing service based onelectric bikes and docked bikes. Lots of private business have tried to take on Vélib’ but they have actually all failed so far–, Obike, Ofo, Mobike … The most current example is Dive, Uber’s micromobility subsidiary. Following a financial transaction with Lime, Jump has gotten rid of all its bikes from the streets of Paris, London, Rome, Brussels and more. Those electric bikes now come from Lime, however Lime hasn’t relaunched the service yet(if it ever gets relaunched ). It doesn’t imply bikes aren’t popular. The public bike-sharing service in Paris

is even reaching record highs these days. If it indicates that people are prepared to give Bolt’s e-bikes a try, let’s see. In addition to ride-hailing and scooters, you’ll be able to access the bike-sharing service from the very same Bolt app.

Like other free-floating vehicles, you can open a bike by scanning a QR code. When it pertains to rates, Bolt is trying to make its service as inexpensive as possible to attract its first users.

There won’t be any unlock cost and it’ll cost EUR0.10 per minute. It’s still unclear how much it’s going to cost after the launch stage. Vélib’still feels more appealing when it comes to prices. It costs EUR2 to lease an e-bike for as much as thirty minutes, or

EUR8.30 monthly to lease as numerous e-bikes as you desire in a given month. With Bolt, you pay EUR2 for a 20-minute ride– which’s without any unlock fee. Bolt has 30 million users in 35 nations. It operates a scooter service in 21 cities around Europe. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.