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Taxify, the Ride-hailing company is renaming itself as Bolt. The company announced the name change on Thursday and quickly updated its apps across all platforms to show “Bolt -Taxify.”
The company said that it had “started to outgrow” its brand and wanted to highlight that it is not all about a car-only ride-hailing company, by removing the word “taxi”.
As Bolt is the name they have been using for its other services including it’s electric scooter service and public transport service in the future.
The name Bolt further reflects the company’s focus on both electric vehicles and speed, said CEO Markus Villig.
“We are bullish that the future is fully electric and so we wanted a name that moved us away from the combustion engine,” said Villig.
Bolt has 25 million users in 30 countries across Europe and Africa.