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Bolt is funded by Chinese money. They're heavily subsidizing rides with that money to capture some of the market and they will have to raise prices eventually.
by user5994461 7y ago
Bolt is funded by Chinese money. They're heavily subsidizing rides with that money to capture some of the market and they will have to raise prices eventually.
- toomuchtodo 7y agoUber is funded by Saudi money, same deal.
- user5994461 7y agoUber is not free, it's way past the free stage. I saw few acquaintances trying Bolt (in London) and the main argument is the first rides are free, then the next rides are free too if you refer a friend.
- toomuchtodo 7y agoWhile not free, VC funds are still subsidizing Uber rides and driver incentives.