Estonian mobility company Bolt has posted its first-ever annual net profit in 2025, with revenue up 14% to €2.27bn as the company kept expanding its ride-hailing, delivery, micromobility and autonomous vehicle businesses around the world.
Bolt has recorded its first annual net profit since it was founded in 2013, according to its newly published annual report, reports Zag Daily. The Tallinn-based company posted a net profit of €920,000 for the year, with revenue climbing 14% year on year to €2.27bn.
Operating profit reached €19.5m, a sharp turnaround from the €87.7m operating loss booked in 2024, while operating cash flow rose to €77m. The results mark the first time Bolt has closed a financial year in the black in its twelve-year history.
Bolt’s record year, by the numbers
Bolt founder and CEO Markus Villig also shared the milestone on LinkedIn, calling 2025 a record year for the company. He pointed to a $14bn gross merchandise value run-rate, a $3bn revenue run-rate, two consecutive years of positive cashflow, and launches in eight new countries, from Canada to Malaysia to Greece.
“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,” Villig said.
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, acquired Danish taxi operator Viggo along with its fleet of roughly 300 electric vehicles, expanded its delivery business into Bulgaria, and rolled out its micromobility rental service in both the UK and the US.
Bolt bets big on autonomous vehicles
Bolt also kept accelerating its autonomous vehicle strategy. The company launched an AV pilot in Luxembourg alongside Pony.ai and Stellantis, describing the programme as a way to validate the safety and operational readiness of self-driving technology in Europe, and announced a partnership with Nvidia to build AI infrastructure for large-scale AV deployment. Bolt is targeting 100,000 autonomous vehicles on its platform by 2035.
“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,” said Jevgeni Kabanov, Bolt’s President and Head of Autonomous Driving.
The AV pilot in Luxembourg is one of several signals that Bolt intends to be a first mover rather than a fast follower as self-driving technology matures across European cities, building on partnerships it has struck with Nvidia, Pony.ai and Stellantis over the past year.
The company has continued investing in its micromobility fleet as well, unveiling an AI-equipped shared e-scooter designed to encourage safer riding and debuting its first in-house-designed e-bike, featuring an integrated solar panel and onboard AI camera. The company is also scaling its Sustainable Urban Transitions Lab, a joint research project with ETH Zürich that is mapping urban mobility patterns in cities including Hannover, Seville, Lisbon and Asunción.
Founded in Tallinn in 2013, Bolt has grown into one of Europe’s largest mobility platforms, active in more than 50 countries. Its first profitable year gives the Estonian unicorn fresh room to keep investing in the technologies it expects to define the next stage of urban mobility.
Bolt is one of several billion-dollar companies to emerge from Estonia’s small but prolific tech scene, alongside names like Wise, Pipedrive and Skype. The country’s business-friendly environment, digital infrastructure and deep talent pool continue to make it fertile ground for globally scaling technology companies.
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