Bolt report reveals ride-hailing to be a launchpad for global entrepreneurs
Updated: Jan 5
The ride-hailing industry is proving to be a launchpad for entrepreneurial drivers around the world, many of whom use the sector to develop skills and generate capital for other ventures.
Bolt’s recent report highlights initiatives such as the Accelerator Programme, which equips drivers with the tools to transition into business ownership or related sectors.
Bolt’s Accelerator Programme, launched in 2023, has already supported 30 businesses across Africa. Participating drivers have started ventures ranging from electric vehicle charging stations to ride-hailing fleets and vehicle maintenance services. The programme provides not only financial support but also mentoring and training, helping drivers refine their ideas and navigate the challenges of entrepreneurship.
The skills drivers gain through ride-hailing—financial management, customer service, and scheduling—are directly transferable to other industries. Many drivers have leveraged these skills to expand into logistics, delivery services, or even entirely unrelated fields such as retail and catering.
In markets like South Africa, ride-hailing has become a significant incubator for small business development. Drivers often use their earnings to fund new ventures, demonstrating the industry’s role in fostering economic empowerment. Bolt’s report also notes that the majority of drivers prefer to manage their own schedules and expenses, a mindset that aligns closely with entrepreneurial thinking.
However, transitioning from ride-hailing to entrepreneurship is not without hurdles. Access to funding, market knowledge, and business networks can be significant barriers, particularly in regions with limited economic opportunities. Bolt’s initiatives aim to address these challenges by providing targeted support and fostering a culture of innovation within the driver community.
The industry’s potential to act as a stepping stone for drivers is seen as significant in some countries. By investing in programmes that support driver ambitions, platforms can strengthen their relationships with workers while contributing to broader economic growth.
