Bolt Mobility secures strategic investment from Ram Charan | national company

MIAMI–(BUSINESS WIRE)–March 4, 2022–

Bolt Mobility (Bolt), a technology-driven transportation solutions company known for its leadership in sustainability, today announced an investment from Indian company Ram Charan.

The undisclosed investment will be used to propel transportation sustainability efforts by bringing cutting-edge solid-state battery technology; metal-like energy-efficient plastics made from recycled waste; and cordless electric motors, to small personal vehicles in the United States, India, Latin America and Japan. By replacing small fossil fuel engines, small electric vehicles will help reduce waste, emissions and noise pollution.

Bolt is also bringing next-generation IoT smart transportation devices to the partnership that have the ability to share data with city planners, helping cities become more connected, electric and efficient.

“Our partnership with Bolt Mobility, a brand with high standards for performance and durability, is a significant step forward for Ram Charan and its group companies,” said Kaushik Palicha, Director of Ram Charan. “We will support Bolt’s vision of ensuring sustainability throughout their value chain, in the power quality, material quality and reach of their mobility devices.”

“I look forward to partnering with Ram Charan as we help usher in Transportation 2.0,” said Bolt CEO Ignacio Tzoumas. “Together, we are helping to create healthier and more livable cities of the future.”

Bolt is present in more than 50 markets across the United States. As transportation habits and needs evolve, Bolt continues to lead transportation innovation, with the launch of MobilityOS, real-time scooter navigation, ergonomic design, interchangeable batteries, etc.

This Round B investment is accompanied by investments from a Japanese consortium, including Bolt’s partner IPD, to support manufacturing, IoT, technology development and expansion in Japan.

About BOLT Micromobility

BOLT Mobility is a transformational personal transportation company committed to ensuring access, equity and quality of life through micromobility. Co-founded by eight-time Olympic gold medalist Usain Bolt, BOLT Mobility is revolutionizing the way people travel, experience their communities and access employment. Through partnerships with municipalities, universities and local landlords, Bolt advances smarter infrastructure and thoughtfully integrates sustainable and accessible transportation options into the neighborhoods we serve, helping communities thrive. Learn more at micromobility.com.

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CONTACT: Media

Dan Kaplan, Laurel Strategies

202-776-7776

[email protected]

KEYWORD: INDIA CARIBBEAN SOUTH AMERICA CENTRAL AMERICA NORTH AMERICA ASIA PACIFIC JAPAN UNITED STATES FLORIDA

KEYWORD INDUSTRY: CHEMICAL MATERIALS/PLASTICS RETAIL MANUFACTURING TECHNOLOGY OTHER AUTOMOTIVE OTHER TRANSPORT RAIL AIR GENERAL AUTOMOTIVE TRANSPORT SPECIALTY AUTOMOTIVE PUBLIC TRANSPORT ENGINEERING

SOURCE: BOLT MOBILITY

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PUBLISHED: 03/04/2022 17:00 / DISK: 03/04/2022 17:02

http://www.businesswire.com/news/home/20220304005534/en

Copyright BusinessWire 2022.

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