Bolt Invests over R400 000 to support emerging mobility entrepreneurs in South Africa

E-HAILING company Bolt said it concluded its first Accelerator Program in South Africa, awarding €20,000 (over R400 000) in funding to ten participants.

- ASHLEY LECHMAN

Bolt said that the initiative marked a significant step in the company’s efforts to support entrepreneurial growth within its driver and courier community.

Launched in December 2024 in partnership with business academy Pranary, the program attracted over 578 applications nationwide, with Gauteng submitting the highest number.

Women made up 7% of the applicant pool.

"When we empower everyday entrepreneurs with the tools to build, we don't just ignite businesses, we transform communities and shape the future of Africa's mobility. True innovation thrives in an ecosystem where ideas are nurtured, collaboration is championed, and every voice has a seat at the table. At Bolt, we're building more than a platform, we are cultivating a movement," said Lerato Motsoeneng, Bolt’s Senior General Manager for South Africa.

After a rigorous selection process, 120 drivers and couriers were chosen to join the Bolt Academy, where they received training in key areas such as market analysis, value proposition design, customer validation, and basic financial modelling.

Twenty participants advanced to the final phase, where they worked closely with industry experts and mentors to refine their ideas.

Their journey culminated in a live pitch event, with a panel evaluating their concepts on innovation, feasibility, and community impact.