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The Economic Times
The Economic Times

Ride-hailing app Bolt expands to Italy in bid to shake up underserved market

Ride-hailing app Bolt launched operations in Milan on Wednesday in the first ​stage of a push to shake up ​the Italian urban transport market, which its CEO told Reuters remains heavily underserved despite ​the presence of U.S. rival Uber.

Estonia-based Bolt will work with hundreds of drivers in Milan - either official cab drivers or private hire car drivers - and expects to service millions of rides in the first year, said founder and Chief Executive Markus Villig.

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