Road & Rail

Uber rival Bolt exits Australian market

Ridesharing player Bolt has closed its local operations after almost two-and-a-half years.

The Uber rival informed Australian drivers and users last month that it would terminate its service on 28 March, with the move understood to be a result of weakened demand due to the COVID-19 pandemic.

Bolt, formerly known as Taxify, told drivers they were no longer authorised to provide passenger services under the company’s name, and were required to remove the Bolt stickers from their vehicles.

“We thank each and every one of you for your support in helping us provide the Bolt service to many riders, and we wish you the very best for the future,” it said.

According to Bolt’s website, the ridesharing service is still available in more than 150 countries across Europe, the US, Africa, and Asia.