Estonian shared mobility company Bolt has recorded its first annual net profit as it continues to expand its micromobility, ride-hailing, delivery and autonomous vehicle verticals internationally.
In its annual report, the company posted a net profit of €920,000 in 2025 with revenue increasing 14% year on year to €2.27bn.
The company reported operating profit of €19.5m compared with an €87.7m operating loss in 2024, while operating cash flow rose to €77m.
The results represent the first time Bolt has ended a financial year in profit since the company was founded in 2013.
Bolt Founder and CEO Markus Villig said the company’s financial position would allow it to continue investing in technologies including AI and autonomous vehicles
“Last year, Bolt expanded its services to hundreds of new cities around the world. We are in a stronger financial position than ever before, giving us the opportunity to invest in the next major leap forward driven by artificial intelligence and self-driving cars,” said Villig.
The results follow a year of expansion across several of Bolt’s business lines. In 2025 the company launched ride-hailing services in Canada, New Zealand, Taiwan and Greece. It also acquired Danish taxi operator Viggo, including its fleet of around 300 electric vehicles, expanded its delivery business into Bulgaria and launched its micromobility rental service in both the UK and the US.
The company also continued to accelerate its autonomous vehicle strategy, launching an autonomous vehicle pilot in Luxembourg this year alongside Pony.ai and Stellantis, describing the programme as a way to validate the safety and operational readiness of self-driving technology in Europe.
Bolt has also announced a partnership with Nvidia to develop AI infrastructure intended to support large-scale autonomous vehicle deployment. The company is targeting 100,000 autonomous vehicles on its platform by 2035.
Speaking to Zag Daily on its AV strategy, Bolt’s President and Head of Autonomous Driving Jevgeni Kabanov, said: “As the cost of developing autonomous vehicle technology continues to fall, the question changes from asking who can build this technology to who is able to best deploy and operate it at scale. Bolt is uniquely positioned to do this.”
Beyond autonomous driving, Bolt has continued investing in its micromobility business. This year the company unveiled an AI-equipped shared e-scooter designed to encourage safer riding and debuted its first in-house designed shared e-bike, featuring an integrated solar panel and onboard AI camera. The operator brought its shared e-bikes to the UK for the first time last summer.
Bolt is also scaling its ‘Sustainable Urban Transitions Lab’, a shared mobility research project it is conducting with ETH Zürich. Launched last year, the Lab has onboarded Hannover, Seville, Lisbon and mostly recently Asunción as Bolt and ETH aim to map urban mobility patterns and inform transport planning in cities globally.
