Bolt - the UK’s second largest ride-hailing app with 3.5 million passengers across the country and 75 million users globally - is launching in Derby this Thursday as it continues its UK-wide roll-out.
Having recently launched in Nottingham and Sheffield, the world's fastest growing mobility app is expanding to Derby as it looks to support the city’s taxi drivers and offer residents a more affordable alternative to existing competitors in the city.
Bolt’s service offers favourable commission rates, meaning greater earning potential for drivers compared to other ride-hailing services. 55% of surveyed Bolt drivers said they would continue to choose Bolt due to the higher earnings and lower commission rates on the platform.
As part of the launch, drivers from Nottingham and Sheffield will also be able to operate with Bolt in the Derby catchment too, giving drivers higher earning potential and ultimately help meet the current levels of demand.
Following its successful launch in Nottingham in August, the ride-hailing app reported particularly high activity over the Halloween weekend with a 40% week-on-week increase in Bolt trips around town. Drivers in Derby can expect to pay only 7.5% commission for the first 2 months of operation if they sign up by 19th November, rising to a still market-leading 15% thereafter.
Bolt’s service offers shorter wait times and more affordable rates than its competitors, so Derby locals will be able to get about town to meet friends and family with ease. Bolt rides in Europe are also 100% carbon-neutral as part of Bolt’s Green Plan, a long-term commitment to reduce the ecological footprint of the company.
To celebrate its arrival in the city, passengers will receive 50% off (up to £6) for the first 10 rides within 14 days when they sign up.
Sam Raciti, Bolt’s UK General Manager said: “As we continue our national expansion, we’re excited to be launching into Derby to help support local taxi drivers and also meet the levels of demand we’re experiencing nationwide. We can’t wait to get started operating in this tight-knit, warm community and, with drivers able to work in both Derby and Nottingham, passengers will be able to get about the two cities affordably and quickly.”
Following its recent launches in Nottingham, Sheffield and Cambridge, Bolt’s latest expansion in the East Midlands extends the reach of the ride-hailing app across the area, which now has a presence in 13 cities around the UK.