Bolt selects TomTom Traffic to power ride-hailing and food delivery worldwide
02 Luglio 2024 - 7:30AM
TomTom (TOM2), the location technology specialist, today announced
that Bolt, one of the world’s fastest-growing mobility companies,
has selected TomTom’s traffic data to power its global ride-hailing
and food-delivery routing.
Bolt operates in over 500 cities in Europe and
Africa, with over 150 million customers worldwide. In a highly
competitive industry, the company strives for the highest levels of
driver, courier and customer satisfaction while boosting
operational efficiency. To achieve this, Bolt relies on route
optimization tools to ensure that the drivers and couriers on the
Bolt platform always know the exact location of their customers and
get to them on time.
To improve the accuracy of travel times and
estimated times of arrival (ETAs) for each trip, Bolt has selected
TomTom to leverage its traffic data, which is based on anonymized
speed data from over 600 million connected devices daily, and
billions of driven kilometers. TomTom’s real-time data enables
Bolt’s routing algorithm to accurately calculate the journey time
for each trip and optimize the routes for the millions of trips
made daily by its driver and delivery partners. Ultimately, this
results in better management of partners’ time and hence better
partner earnings. Additionally, since TomTom’s products integrate
well with Bolt’s existing routing technology, Bolt can utilize its
resources more efficiently.
“We look forward to working with TomTom and
leveraging their traffic solution to improve the experience of
drivers, couriers and customers on the Bolt platform worldwide,”
said Markus Zimmermann, Head of Platform, Bolt. “So far, we have
seen remarkable results using TomTom Traffic. Bolt’s business runs
on accurate estimations, and with TomTom Traffic, we saw up to 15%
improvement in travel time estimations, resulting in greater
partner earnings, as well as improved service quality and
reliability for Bolt riders and eaters.”
“We are proud to empower Bolt’s operations with
our best-in-class Traffic product,” said Mike Schoofs, Chief
Revenue Officer, TomTom. “With Bolt contributing local knowledge on
events and closures to our data, we harness the collective
expertise of our partners to deliver high-quality, reliable
location and traffic information that offers improved end-customer
experiences and increased operational efficiency.”
About TomTom: Billions of
data points. Millions of sources. Thousands of communities.
We are the mapmaker bringing it all together to
build the world’s smartest map. We provide location data and
technology to drivers, carmakers, businesses and developers. Our
application-ready maps, routing, real-time traffic, APIs and SDKs
empower the dreamers and doers to move our world forward.
Headquartered in Amsterdam with 3,700 employees
around the globe, TomTom has been shaping the future of mobility
for over 30 years.
www.tomtom.com
About Bolt:Bolt is the global
shared mobility platform that provides ride-hailing, scooter and
e-bike sharing, food and grocery delivery, and car rental services
in over 500 cities across more than 45 countries. Bolt helps
enhance existing transport networks in cities by connecting public
and private shared mobility services and unlocking transport for
all. In doing so, Bolt aims to reduce car usage and help make
cities for people, not cars.
For further
information:
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8333ffb8-1a2a-451a-b2c8-602debc5156c
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