TfL hand ride-hailing firm BOLT new operator licence until mid-2024

Image credit: Bolt

Ride-hailing firm Bolt has been handed a two and a half year private hire operator licence by Transport for London (TfL), allowing it to serve the capital until mid-2024.

The company has also been permitted to have over 10,000 drivers on its platform in London at the same time, giving it the ability to add more drivers to meet the increasing demand for its services across the city.

Bolt has over 65,000 drivers and 4m customers in the UK and is now live in 16 cities, having most recently launched in Edinburgh and Cardiff on the same day last week.

Sam Raciti, Bolt’s Regional Manager for Western Europe, said: “It’s well known that TfL has some of the highest regulatory standards of any licensing body in the world so we’re really pleased to receive this vote of confidence in our London operations.

“In addition to offering drivers low commission rates and passengers great prices, Bolt is also committed to having excellent operational compliance. We pride ourselves on our high standards and work hard to have constructive working relationships with regulators in every city we operate in.”

Bolt are also set to introduce a major change on its minicab app platform by allowing drivers to set their own prices and passengers to select their driver.

The moves, which are a first for any UK ride hailing operator, are designed to make the Bolt platform more attractive to drivers by giving them additional control of their business.