This has two main benefits – more money in people’s pockets at a time when living costs are rising dramatically, and a better urban environment with less private cars on the street.” By using our new ‘share your car’ feature, car owners can earn extra income when they are not using their car as well as improve the number of available shared cars without introducing new vehicles to the city. Markus Villig, Bolt Founder and CEO, said: “There are many people who use their cars once or twice a week – this means that their car stands idle 95 per cent of the time. Nextbike by TIER wins e-bike tender for Barcelona Metropolitan Area In Bolt’s home country of Estonia, where the ‘share your car’ feature is currently being piloted, annual inflation hit 22.4 per cent for October 2022 – the highest in Europe. The launch of the new feature comes days after Eurostat, the statistical office of the European Union (EU), reported that annual inflation is up to a record high of 10.7 per cent across the EU. The vehicles rented on Bolt Drive need to be manufactured within the past six years and have a mileage of less than 100,000km. The ‘share your car’ feature will be available via Bolt Drive, the company’s car-sharing product, which had been launched in 2021 during the pandemic and is currently live in Estonia and Latvia, with expansion plans to other European countries before the end of 2022.Īt a time when the cost-of-living is rising across Europe, users of the ‘share your car’ feature could earn €112 to over €1000 in additional income every month depending on the car’s make, model and mileage and the length of the rental period.Ĭar owners can choose one of two payment options: guaranteed income or guaranteed income plus Bolt Drive free minutes. Bolt has announced that it will be launching a new feature which will allow people to rent out their car on the mobility app and earn a guaranteed monthly income.
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