Estonian food delivery and ride-hailing startup Bolt has named Mikko Salovaara as its chief financial officer.
Mikko Salovaara, Bolt’s incoming Chief Financial Officer, said “In an industry where it is notoriously hard to operate profitably, Bolt stands head and shoulders above its competitors.”
“The culture of maximising operational efficiency which was instilled by Markus ten years ago continues to guide the business today and has left Bolt well-positioned to reach and maintain long-term profitability.”
“I look forward to being part of this next stage in Bolt’s journey as the business prepares for IPO.”
Bolt, the mobility company, boasts a customer base of 150 million across its various services, including ride-hailing, micro-mobility, food and grocery delivery, car-sharing, and corporate mobility.
The company also revealed that over 3.5 million partners, including drivers and couriers, use the app to earn a living, with over 1 million located in Africa.