Bolt from the blue: EIB offers Estonian start-up help in battle to take on Uber

  • Summary:


    Just arrived at Batumi International Airport on Georgia’s Black Sea coast?

    The chances are you will need a ride into town. There’s a bus, the number 10, which runs at reasonably regular intervals and costs a bargain 30 tetri (that’s less than 10 euro cents), although it can be a pain with luggage. There are also taxis, but while the majority are trustworthy and cheap, there’s no guarantee you won’t be overcharged.

    Uber? No: the ride-hailing giant does not have a presence in Georgia (or many other places in emerging Europe for that matter).

    A smaller ride-hailing start-up does however operate in Georgia, in Batumi, Kutaisi and Tbilisi, as well as 73 other cities across the region, from Prague in the Czech Republic to Sumgayit in Azerbaijan: Estonia’s Bolt. (Uber, by contrast, serves ju ...



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