Since the beginning of its service in 2016, the leading ride-hailing and gig work business Bolt has reported that it has registered more than 250 million rides in its Nigerian market. This information was provided by the corporation in a statement that was made available to Technext. The company reported that it has also logged a staggering 3 billion km in terms of the distance its customers have travelled.
Since it first began conducting business in 2016, Bolt Nigeria reported that it had seen its revenue increase by a factor of seven, as stated in the press statement. As the company celebrates its tenth year of operation in a variety of markets all around the world, these are some of the remarkable accomplishments that it has attained over the course of that time.
The Country Manager of Bolt Nigeria, Yahaya Mohammed, had the following to say about the accomplishment:
“Even amid the challenges posed by the ever-changing macroeconomic landscape, our dedication to providing exceptional service remains unwavering. We also remain dedicated to collaborating with our driver partners, regulatory bodies, and other industry stakeholders to ensure the growth of the ride-hailing industry in Nigeria.”
He also noted that the company’s primary priority was on continuing to provide users with rides that were safe, economical, and dependable. Mohammed not only said that the company had grown by a factor of seven, but he also cited some of the milestones that it had attained.
Read also: Bolt surpasses 150 million customers, appoints new CFO
Bolt empowers women
One of these is a programme called the Women at the Wheel exchange, which is geared towards promoting the advancement of women’s empowerment. The goal of the campaign is to increase the number of women working in the ride-hailing industry, which currently has a very low percentage of female employees.
It plans to achieve this goal by extending to women the same chances for financial advancement that are available to Bolt drivers. The corporation made the commitment to the effort three months ago, allocating €2.5 billion. The mobility industry is dominated by men, leaving women to compete with one another for the few available jobs.
As was stated, Bolt Nigeria tallied up close to 300 million ride completions. The reliable transport choices available to riders were cited as the reason for this success by the Country Manager. In addition to that, it presented a new safety-focused function known as audio trip recording. In essence, it enables both riders and drivers to record their trips using the mobile app on their respective mobile devices.
“For example, the audio trip recording feature which empowers both drivers and riders to initiate an audio recording of their trip within the Bolt app, offering a solution in situations where they may feel uncomfortable during the ride,” the press added in their statement.
It stated that it was continually improving the user experience by releasing new versions of the app as well as the services that it provided. The press statement emphasised Scheduled Rides as a major feature while mentioning many of the other enhancements that were given out over the years of operation. It was announced the week before last that riders will be able to schedule excursions up to three days in advance. The use of this feature results in additional charges, yet, it offers riders increased convenience.
Bolt Nigeria’s drivers’ fate
Bolt Nigeria has had its share of difficulties, despite the fact that it has achieved a number of significant milestones. It hasn’t been all sunshine and roses for riders. Drivers have been pushing to unionise, and riders have been petitioning Bolt to lower the commission rate it now charges.
Bolt drivers have had a difficult time dealing with the increased cost of doing business as a result of the recent increase in the price of petrol at the pump. It is important to note that the well-being of drivers remains a top priority, despite the fact that the organization has achieved a number of things. It’s possible that giving priority to their requirements will have good long-term consequences on the company’s financial situation.