Bolt

Bolt.new announces strategic partnership with Microsoft Azure and Microsoft 365

Bolt.new announced a partnership with Microsoft Azure and Microsoft 365 in May 2026 adding Microsoft Marketplace as a procurement channel. The partnership enables Azure-native deployment enterprise-grade security and compliance plus integration with Microsoft Teams and Microsoft 365 Copilot. Bolt.new had grown to more than 7 million users globally by December 2025 and was valued at about $700 million after its $105.5 million Series B round in January 2025. Eric Simons serves as CEO and founder of Bolt.new which raised a total of $135 million as of December 2025.

Bolt CEO Ryan Breslow fires entire HR team for creating non-existent problems

Bolt CEO Ryan Breslow let go of the entire HR team on or before May 19 2026 after they created problems that did not exist. Ryan Breslow stated those problems disappeared when he let them go at Fortune’s Workforce Innovation Summit. The fintech firm also cut roughly 30% of staff earlier this year and nearly all prior leadership after 99% of employees failed a 60-day adaptation period leaving about 100 employees. Bolt was founded in 2014 and reached an $11 billion valuation in 2022 before dropping to roughly $300 million by 2024.

Bolt CEO Fires HR Team Citing Non-Existent Problems Created

Bolt CEO Ryan Breslow Defends Firing All HR Staff at Fortune Summit

Bolt Appoints Interim CEO Justin Grooms as Maju Kuruvilla Departs

San Francisco-based fintech Bolt appointed its global head of sales Justin Grooms as interim CEO following the departure of Maju Kuruvilla. Kuruvilla served as CEO for over two years after assuming the role in January 2022 when founder Ryan Breslow transitioned to chairman. The board voted to remove Kuruvilla last weekend in an amicable split. Bolt spokesperson expressed confidence in current leadership on May 16, 2026.

Bolt Partners with China’s Dongfeng to Accelerate EV Growth in South Africa after $180m Investment

Ride-hailing platform Bolt has entered a strategic partnership with China’s Dongfeng Motor Group to deploy an electric vehicle fleet in South Africa. The rollout managed by Yugo Rides aims to reduce drivers’ operating costs by lowering fuel expenses. Bolt secured over half of South Africa’s ride-hailing market following the $180 million investment. Bolt Technology OU and Dongfeng Motor Group Co. announced the partnership on May 16, 2026.

Bolt Technology Partners with Dongfeng for Electric Vehicle Fleet in South Africa

Bolt Ride-Hailing Raises Fares By 6% In Kenya To Cushion Drivers Amid Fuel Costs

Bolt Metals Executes Option To Acquire Floralia High-Grade Iron Project In Brazil

Bolt Metals Corp. executed a definitive option agreement dated May 12, 2026 with Max Iron Brazil Ltd. to acquire 100% of the Florália High Purity Iron Property in Minas Gerais, Brazil. Bolt will issue 26,800,000 common shares over 30 months and Max Iron will nominate one director to Bolt's board. Zachary Kotowych, CEO of Bolt, said with over $10 million raised in equity financings over the past 12 months Bolt is positioned to advance its portfolio including the Florália project and Northwind gold project. Bolt plans a 5,000-metre maiden drill program at Northwind in Quebec during summer and fall 2026.

Bolt Raises $1.98 Billion Across 14 Funding Rounds with Largest Series E at $714 Million

Bolt has raised a total of $1.98 billion over 14 funding rounds as of May 15, 2026. The largest round was a Series E for $714 million in August 2021. Bolt's valuation reached $300 million as of February 13, 2024. The company completed 3 Seed, 1 Early-Stage, 7 Late-Stage, 2 Debt and 1 Grant rounds. No new funding round occurred in the last 3 days.

Bolt AI Updates Pricing With Token-Based Plans Including Free 1M Monthly Tokens

Bolt Raises Ride Fares 6% in Kenya to Offset Rising Fuel Costs for Drivers

Incoming BHP CEO Brandon Craig to consider bolt-on acquisitions for growth beyond 2035

Bolt Seeks Senior Product Manager for Micromobility Pricing Strategy

Bolt Partners with Estonian Academy of Arts on Delivery UX Improvements

Bolt Announces 6% Fare Increase in Kenya to Support Drivers Amid Fuel Cost Rise

Bolt Metals Executes Option to Acquire Floralia Iron Project Ahead of Drilling

Bolt Metals exercised its option to acquire the high-grade Floralia Iron Project in Quebec on May 13, 2026, for CAD $200,000 in cash and shares. The Vancouver-based company targets iron ore grades above 30% Fe based on historical assays from 2022 sampling. Acquisition includes 100% interest in 1,200 hectares, positioning Bolt for production amid global steel demand. Northwind Gold project drilling commences June 2026 with 5,000 meters planned, following prior reconnaissance identifying 2.5 g/t gold anomalies.

Bolt Hires for Head of Finance Role in Bolt for Business Division

Bolt Biotherapeutics Reports $7.2 Million Q1 Net Loss and Seeks Additional Funding

Bolt Faces Ongoing Sexual Violence Allegations in Poland with 20 Legal Cases

Bolt contends with 20 ongoing legal cases of sexual violence by drivers in Poland as of December 12, 2025, including an assault on a female passenger in Warsaw. Foreign drivers, primarily from Ukraine and India, account for most incidents, with journalists documenting an epidemic of rapes linked to Bolt taxis since 2023. A Krakow user reported wait times three times longer than app estimates in April 2026, compounding reliability issues. Poland's prosecutorial authorities investigate Bolt's vetting processes, which rely on basic background checks without mandatory in-person verification.

Bolt Partners with Estonian Academy of Arts on Six-Week UX Design Initiative

Bolt secures $300M in Series E funding led by Sequoia, valuing the mobility startup at $11B. Expansion into new markets

Bolt secures $300M in Series E funding led by Sequoia, valuing the mobility startup at $11B. Expansion into new markets announced. #Bolt #Funding