Voi's CEO, Frederik Hjelm, expressed interest in acquiring Bolt's micromobility segment, although Bolt's focus remains primarily on ride-hailing. He indicated that while Bolt is strong in many areas, excelling in micromobility is challenging due to hardware demands and minimal network effects. Hjelm emphasized that local riders prioritize user experience over brand recognition. Bird's co-CEO criticized Bolt's strategy as relying on loss-leader pricing for market penetration, suggesting insufficient investment in quality operations in the micromobility space. Thus, the discourse reflects the competitive tensions in the growing micromobility market.
Hjelm's perspective is that Bolt faces challenges in excelling across multiple verticals, asserting micromobility is complex due to its hardware and lack of network effects.
Bird's co-CEO critiqued Bolt's micromobility strategy, highlighting that they operate at a loss, using aggressive discounting to gain market share.
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