Making Fortune From Electronic Cab Hailing Service

 
Sat May 14th, 2022 - Nationwide
 

Despite the market volatility and economic instability, the electronic cab hailing services and micro mobility operator, has found a large market in Africa, mainly in Nigeria, where they create jobs and stabilise the economy through corporate ride employment.

Indeed, the electronic cab hailing service has continued to provide opportunities for riders in the emerging markets and sub-saharan African economy, while ensuring that more riders have access to it’s platform to earn more.

Bolt, and it’s rival Uber, another micro mobility competitor, have together combined more efforts to transform public transport system and improve the experiences of average Nigerian commuters, who come in contact with their services.

The electronic cab hailing sector has improved on the mobility sector, with transport infrastructure in Nigerian market by offering corporate rides which makes it a lucrative market for potential partners.

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The e-ride platform is incentivising mobility in sub-saharan African markets, to further strengthen the mobility sector with earning opportunities.

Capital Infrastructure

From market survey, findings showed that Bolt invested over €50million in Nigerian market for mobility infrastructure, media campaigns, digital tools, driving APP and tech devices. Bolt operates in 300 cities across 45 countries and most interestingly, the countries are in Europe and Africa.

 
 

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source: Leadership