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Bolt claims 540% surge in driver-partners across Malaysia

Bolt, a European mobility platform, has seen rapid growth in the Malaysia since launching its ride-hailing service three months ago.

The number of driver-partners increased by 540%, while registered passengers grew by 280%. This surge has halved estimated arrival times, improving service efficiency.

Bolt charges a 15% commission rate, lower than the industry standard, allowing drivers to earn more.

Since launch, drivers have collectively made over 22.8 million ringgit (US$5.15 million), with the flexibility to manually select trips and manage their schedules.

To support new drivers, Bolt offers a 200 (US$45.21) activation bonus after 30 rides in 60 days to help cover licensing costs. Daily engagement campaigns ensure consistent earning opportunities.

Recently, Bolt introduced Bolt Executive, a premium ride category featuring luxury MPVs like Toyota Vellfires and Alphards. This caters to passengers seeking high-end travel while boosting driver earnings.

Recent Bolt developments

Timeline
15-Nov-2024 📈 Bolt hits $2.11b annual revenue
  • Bolt reports $2.11B in annual revenues
  • Company expands in ride-hailing and delivery services
06-Nov-2024 🛴 Bolt enters Malaysian market with e-hailing license
  • Bolt launches in Malaysia, its 46th country.
  • Services start in Klang Valley near Kuala Lumpur.
05-Mar-2024 🚗 Bolt seeks country manager for Malaysia launch
  • Bolt plans to hire a country manager in Malaysia
  • Expansion could make Malaysia its second SEA market
06-Oct-2022 📈 Bolttech acquires majority stake in Indonesia-based insurance broker
  • Bolttech acquires majority stake in Axle Asia
  • Axle Asia to be rebranded post-acquisition

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