Mobility startup Bolt Mobility, co-founded by eight-time Olympic gold medalist Usain Bolt, has abruptly disappeared from various of its markets throughout the US, leaving e-bikes and kit abandoned amid unanswered calls, the media reported.
Bolt had raised $40.2 million, along with an undisclosed funding from Chennai-based Ram Charan Agency in India in May this 12 months.
In accordance with a TechCrunch report, Bolt Mobility stopped working in not lower than 5 US cities, along with Portland, Oregon, Burlington, South Burlington and Winooski in Vermont and Richmond, California.
“Metropolis representatives talked about they’ve been unable to reach anyone at Bolt, along with its CEO Ignacio Tzoumas,” the report talked about late on Sunday.
Portland suspended Bolt’s permit to operate there last month after the company didn’t “current the city with updated insurance coverage protection and pay some glorious prices”.
“All of our contacts at Bolt, along with their CEO, have gone radio silent and haven’t replied to our emails,” Robert Goulding, public information supervisor at Burlington’s Division of Public Works, was quoted as saying.
Bolt had a presence in extra than 50 markets all through the US.
The funding from Ram Charan Agency in May was set to be used to propel transportation sustainability efforts by bringing cutting-edge steady state battery experience; energy-efficient, metal-like plastics produced from recycled waste; and coiless electrical motors to small and personal autos.
“Our partnership with Bolt Mobility, a mannequin with extreme necessities in effectivity and sustainability, is an important step forward for Ram Charan and its group companies,” Kaushik Palicha, Director, Ram Charan, had talked about in an announcement.
“We’ll assist Bolt’s imaginative and prescient of guaranteeing sustainability all by way of their complete price chain, from prime quality of vitality, prime quality of provides, and the attain of their mobility devices,” Palicha had talked about.
“I stay up for partnering with Ram Charan as we help usher in Transportation 2.0,” talked about Bolt CEO Tzoumas. “Collectively, we’re serving to create extra wholesome, additional livable cities of the long term.a”
Bolt’s social media has now gone silent, and hasn’t posted on Instagram since June 11 or on Twitter since June 2.
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