Taxify has changed its name to Bolt, “in other to reflect its global expansion strategy”.
The ride-hailing company from Estonia said it took the decision to expand its services, which include providing multiple transportation options beyond private cars.
It has been using the name Bolt for its new electric scooter service
Speaking on the new development, Markus Villig, Taxify (and now Bolt) co-founder and chief executive, said Bolt represents the company’s goal of solving urban transportation problems beyond sharing taxis to motorbikes and scooter sharing.
“The rebrand from Taxify to Bolt is serving a few purposes. Tapping the basic meanings of bolt, the new name implies speed, as well as electricity,” Villing said.
“We are bullish that the future is fully electric and so we wanted a name that moved us away from the combustion engine.”
Bolt Nigeria (Taxify) also confirmed the news on Twitter.
“With our entry into Nigeria over 2 years ago, we had one goal – build the best way to move in all the cities we operate,” it wrote.
“We have grown in leaps and bounds over the years and are now aiming to solve transportation needs on a broader scale.”
“Because of this, we are rebranding to take on a new name, one which encompasses our future. Our new name Bolt, stands for fast, effortless movement- exactly what you deserve.”