I live in the UK, we have both Bolt and Uber. They are very similar products and mainly compete on price. It’s way to easy to spend 30 seconds checking both apps and then saying Bolt is 30p cheaper I’ll go for that or Uber is 30p cheaper I’ll go for that. Honestly, I can’t see either getting to profitability until the other drops out so I’m just enjoying the thought that my journeys are being subsidised by venture capitalists until that point.
In South Africa the main difference is security. Because of the high crime rate obviously ride-share drivers have become targets for criminals for either just snatch-n-run as you enter/leave the car, or even just hijacking the whole car. Bolt has been very slow in integrating the necessary features and this sort of forced everyone over to only use Uber because their security features were implemented very quickly and it's very effective. Their safety hotline has a direct connection to the 10111 call center with dedicated agents only answering their calls and dispatching armed response and police to the Uber location. You don't get that even from the SAPS. It's very effective. On a price comparison Uber will be 10% more expensive depending on the car type you choose, but it's a small premium to pay. Another thing Bolt seriously has to look at, not sure if it's a global problem, but in South Africa you get cycled between 10-15 drivers before someone accepts. Their drivers are allowed to accept your ride, make you wait for 15 minutes then just drop it without any consequences it seems. Whereas Uber drivers will accept your ride within 3minutes.
Bolt = Uber = FreeNow == Lyft => same thing 1. make a platform then grab the profit and use drivers as something to squeeze as hard as local regulation allow for it 2. don't bother with car maintenance or any responsibility of driver that works for you. 3. repeat End of story.
To be honest BOLT and UBER are basically the same just different names. I doubt any of them will win all market share. Bolt is also in Holland and they were aggressively underpricing their service to gain market share from Uber. Wonder if this is a longterm strategy than will pay off
Look I live in kenya and when bolt came to Kenya we had mpesa it's a Mobil payment system which has been in our country for a long time so the cash thing is not true
good schools and teachers 1-12 grades, not like US, you need to get to college to be good at something, and get in debt for the rest of your life after graduating. Murica it's all about business.
They always mention Finish education as best practice. They were also under Russians. To get similar education in the US you need to attend private schools and then top notch unis that cost fortune.
Slishish !!! MARKUS ujobak zadneprivadnij !!! Budut Bolt taxi menja pasti I dalshe !!! Ja ili ne ja tebja naidu !!! Bez mozgov ostanishsa !!! Silhno pizhileesh !!!
I love that the founder is a coder, IMO it will definitely give him an edge running saas
I live in the UK, we have both Bolt and Uber. They are very similar products and mainly compete on price. It’s way to easy to spend 30 seconds checking both apps and then saying Bolt is 30p cheaper I’ll go for that or Uber is 30p cheaper I’ll go for that. Honestly, I can’t see either getting to profitability until the other drops out so I’m just enjoying the thought that my journeys are being subsidised by venture capitalists until that point.
In South Africa the main difference is security. Because of the high crime rate obviously ride-share drivers have become targets for criminals for either just snatch-n-run as you enter/leave the car, or even just hijacking the whole car.
Bolt has been very slow in integrating the necessary features and this sort of forced everyone over to only use Uber because their security features were implemented very quickly and it's very effective. Their safety hotline has a direct connection to the 10111 call center with dedicated agents only answering their calls and dispatching armed response and police to the Uber location. You don't get that even from the SAPS. It's very effective. On a price comparison Uber will be 10% more expensive depending on the car type you choose, but it's a small premium to pay.
Another thing Bolt seriously has to look at, not sure if it's a global problem, but in South Africa you get cycled between 10-15 drivers before someone accepts. Their drivers are allowed to accept your ride, make you wait for 15 minutes then just drop it without any consequences it seems. Whereas Uber drivers will accept your ride within 3minutes.
in Estonia Bolt has basically eaten out all the other taxy companies :D few remaign :D absolutely nobody uses UBER here :D
the founders story is inspiring. i was trying to build a ride hailing app in ghana years ago and researched his story. glad to see him doing so well
I love this! As a Bolt user from Kenya, I'm inspired.
Bolt is so so big here in Nigeria, it's a normal part of life here
Being able to accept cash as driver and then pay a percentage of your eanings back to Bolt is a deal breaker other competitors don't do. Nice job!
Uber now does that.
How do you pay a percentage of cash back
I love it for its prices, but I hope they can improve their security.
Smart man with the proper vision 💪🏼 I use bolt all the time when I'm in Europe and barely using Uber anymore in USA - they simply became overpriced
Bolt = Uber = FreeNow == Lyft => same thing
1. make a platform then grab the profit and use drivers as something to squeeze as hard as local regulation allow for it
2. don't bother with car maintenance or any responsibility of driver that works for you.
3. repeat
End of story.
Exactly 💯. Also Kareem in Dubai. Copy paste entrepreneurship.
@@GGTanguera careem awuired by uber
@@vellyjatt7824 Yes, it was acquired by Uber. It was built with the exit plan from day one. Built to sell.
I always thought bolt was owned by am African because it's so big there. Smart guy, congratulations 🎉
Thought it was an African company
They have a lot of peopel working in Africa, probably moire than in the rest of the world. So almost african :P
Best transport option is private car. Bolt. Didi, Uber, Lyft are options when you don't have a car. The less regulated, the better
In my own experience, Bolt drivers are more readily available than Uber. From Nigeria.
The perfect case for Patrick Boyle´s last epidose lol!
Incredible story
As a licenced taxi driver in Ireland I like the Uber app.
To be honest BOLT and UBER are basically the same just different names. I doubt any of them will win all market share. Bolt is also in Holland and they were aggressively underpricing their service to gain market share from Uber. Wonder if this is a longterm strategy than will pay off
Look I live in kenya and when bolt came to Kenya we had mpesa it's a Mobil payment system which has been in our country for a long time so the cash thing is not true
Never heard about this company
Congratulations 🥰🥰🤩🤩
Nice
I don’t see much difference between the two. The cars in Bolt are usually worse.
So he copied Uber - check
I would rather walk
Bold it's way better then Uber.
Ja tebja naidu !!! Hotj v Tailande !!
I hope they pay there drivers a decent wage unlike Uber.
Cute. But stay out of my private car. Bolt in your own lane
They wish.
But Germany is always promoting Rainbows.
I think their highest success in Africa is in Nigeria.
I thought naija people had balls...wat a pity..
Replacing private cars makes cities WORSE. Not better
Bolt has no customer service which is not acceptable for a business regardless of size
Drivers are mixed bag some semi criminals. So im not sure
Those Soviet tech bros are something else
good schools and teachers 1-12 grades, not like US, you need to get to college to be good at something, and get in debt for the rest of your life after graduating. Murica it's all about business.
They always mention Finish education as best practice. They were also under Russians. To get similar education in the US you need to attend private schools and then top notch unis that cost fortune.
@@GGTanguera they haven’t been with the Russians for 100 years☠️☠️
@@GGTanguera there’s good public schools, if you live in a good area
well Markus was born in independent Estonia so he's not a Soviet tech bro. I'd rather say North East European.
Modern slavery with lower then minimal wages
Slishish !!! MARKUS ujobak zadneprivadnij !!! Budut Bolt taxi menja pasti I dalshe !!! Ja ili ne ja tebja naidu !!! Bez mozgov ostanishsa !!! Silhno pizhileesh !!!
boring narator
One of the worst ride hailing service I have used
I have had dozens of rides with Bolt, all very pleasant