Bolt, an Estonian startup, announced on Tuesday that it has secured 628 million euros ($711.40 million) from a group of investors led by Sequoia Capital and Fidelity Management and Research Co, valuing the company at 7.4 billion euros ($8.38 billion).
Bolt, a competitor to Uber’s (UBER.N) ride-sharing and food-delivery firm, secured money in August at a valuation of more than 4 billion euros.
Electric scooter rentals, car-sharing, and a 15-minute grocery delivery service are among the company’s other services, which it provides to over 100 million customers in 45 countries and 400 cities across Europe and Africa.