Europe’s $1.9 billion ride-hailing unicorn Bolt rolls out electric bikes after Uber flames out of the market

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Bolt, a European rival to Uber, said on Wednesday it will launch its first electric bike rentals in Paris. The news follows Uber pulling out of the scooter and bike-sharing market with the sale of its Jump business to Lime in May. The rollout comes as cities explore alternative methods of transport to avoid overcrowding on buses and trains, or an increase in road traffic, as lockdowns lift. Estonian Bolt is currently valued at $1.9 billion. Visit Business Insider’s homepage for more stories.

European ride-hailing startup Bolt is rolling out its first electric bike hire scheme in

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