Bolt Mobility launching into 48 brand-new markets after purchasing Last Mile’s assets

Bolt Mobility launching into 48 brand-new markets after purchasing Last Mile’s assets

Bolt Movement, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, is expanding to 48 new markets after acquiring the assets of Last Mile Holdings. Bolt Movement’s rise and Last Mile’s death records the unpredictability that pestered micromobility companies in the previous year as the COVID-19 pandemic upended service models that were, in […] Bolt Mobility and Last Mile were both adversely affected by the COVID-19 pandemic. As Bolt Mobility grew, with its consumer base striking 300,000 users in 2020, Last Mile hit headwinds. Bolt is working with cities and universities to shift these markets to Bolt’s platform.”We founded Bolt because we believe in micromobility as a movement that can change the method people move and live within their communities,” Usain Bolt stated in a statement. …