The business model and success of Uber has been a catalyst for many ride-hailing businesses. Over the years, ride-hailing businesses have grown up to a greater extent, thereby creating a sea of opportunities for newbie entrepreneurs.
Bolt is a ride-hailing company that stands as a first competitor to Uber. Though Bolt is younger than Uber, it managed to cover a massive user base within a short span. Until a few years ago, Uber was the only inspiration for ride-hailing startups. But now, Bolt has taken up that position. The growth of Bolt will definitely sow seeds of inspiration for newbie entrepreneurs like you.
Growth Of Bolt In A Timeline
Bolt was started in the year 2013 as a ride-hailing company. Initially, the company was named Taxify and was founded by Markus Villig, who is a college dropout.
The company is headquartered in Tallinn, Estonia and is being operational in 40 countries. In the year 2014, the company started serving in foreign countries.
The year 2017 was a great hit for Bolt as it was tagged as the number one ride-hailing app in Nigeria and Kenya. Also, it became the second-highest used ride-hailing app in South Africa.
By the year 2018, Bolt’s ride-hailing services started overtaking Uber in Africa. And in the same year, the number of users was 10 million.
On its success path, Bolt managed to grab 25 million users in the year 2019 and was also became the third fastest-growing ride-hailing company in Europe.
How Bolt Outsmarts Uber?
There are various aspects in which Bolt’s services surpasses Uber. Firstly, let us compare the commission charges imposed on drivers by both the companies. Bolt charges a 15% commission, whereas Uber imposes a 25% commission on its drivers. So, at the end of the day, Bolt’s drivers can earn 10% more than the other ride-hailing businesses.
Other Business Verticals Of Bolt
The business operations of Bolt is not circumscribed to only ride-hailing services. The company has marked its presence in food delivery, e-scooter service, and e-bikes. In the year 2018, Bolt unfolded its transport-as-a-service business model and expanded its dockless e-scooter services in London.
In 2019, the food delivery services were integrated into Bolt, thereby making the app a multi-services platform. Since Bolt is a platform for accessing both on-demand transportation and food delivery services, no wonder that the app outsmarts Uber.
Business Model Of Bolt
Drivers who are above the age of 21 and who don’t have any criminal background can join Bolt. Most importantly, the company employs drivers who have at least three years of driving experience.
Bolt follows the aggregator type of business model, which has found to be a big hit among the masses. irrespective of the type of on-demand service (food delivery, taxi booking, e-scooter, e-bikes), the company follows the aggregator model.
Hit The Big Time By Launching The Bolt Clone
The excessive growth of on-demand transportation services has debarred the evolution of traditional services. The Bolt clone app development had become the talk of the town since the year 2020 when the on-demand taxi services businesses skyrocketed.
If you are anxious to develop an app like Bolt and provide an extent of services like food delivery, e-scooter/e-bike services and taxi service, then head to Appdupe.
First, plan the number and type of services you would like to deploy. Conduct market research and understand the user’s persona so as to set a strong foundation for your business.
At Appdupe, we will analyze your requirements meticulously and tell you the feasibility of the project. For a detailed sketch on how we develop the Bolt clone, move on to the next section.
GOT AN IDEA FOR A RIDE HAILING + MULTI SERVICES APP? LET’S DISCUSS!
Panic button – Emergency alerts can be sent by the users and drivers to the nearest help centres via the panic button.
Fare estimation – The users will receive the fare of the service beforehand. In order to calculate the fare, the app just requires the location details.
GPS-enabled navigation – Safe and hassle-free navigation is guaranteed if the app has a GPS-enabled navigation system.
In-app payments – A band of digital payment methods are integrated into the app, thereby guaranteeing a hassle-free payment for users.
Bolt Clone App Development – A Quick Interpretation
Step 1: The first step is about transforming your requirements into an action plan. You will sit together with our expert developers and discuss the requirements in a full circle.
Step 2: Since we have the pre-built Bolt clone, you can take a look at the features and functionality that are planted in the app. In simple terms, you will watch the functioning of the demo app.
Step 3: While going through the demo, if you feel that the app requires personalization, you can tell us those specifications. You may want to add some more features or edit the layout of the app, whatever, and we will drill down those alterations into the app.
Step 4: Our clone app solutions are pre-built and tested. Aforementioned, in case the app is personalized, we will again test the app to ensure that the app meets all the functional and non-functional requirements.
Step 5: Just before the phase of deploying, our brand name will be removed from the app, and your brand name will be affixed. This is called white-labelling.
Step 6: And now, your Bolt clone is ready for deployment, and we will submit the app on the platforms you requested for deployment.
How Is The Cost Of Bolt Clone Development Divided?
There is no upfront way to predict the cost of developing an app without knowing the requirements and customizations. Basically, ready-made app development is charged on the basis of the total number of hours required for development, the platform requested by the client and the location of the team. In case if you personalize the app, then based on the complexity of each personalization, your app’s development cost will vary.
Unarguably, the on-demand taxi services have set high standards for the upcoming taxi businesses. After careful market research, you can immediately put down your plans into action with a ready-made app like Bolt.
At AppDupe, we know that our customers are Entrepreneurs and keeping them succeeding is what will make us stronger. So, we promise you, Life Time Updates free of charge. Yes, we know that Apple and Google keep coming out with new versions of their mobile OS's and other companies we clone from also keep updating their features and UX to stay up-to-date. We will take care of that for you, leaving you to do what you do best, Win!
Is this legal?
PicMix and PicYou are almost exact clones of Instagram. MyCityDeal and Wimdu are clones of Groupon and AirBnB respectively. The only thing companies can patent is methodology for achieving an action or leading to an end point. If you can figure out another way to do that, without infringing on other's IP, you totally can. We could, so we did.
Disclaimer: Appdupe neither represents nor have any control over the trademarks of ‘Uber’ and ‘Gojek’. We use the terms ‘Uber’ and ‘Gojek’ for a better understanding of our services. Our offerings intend no harm to any organization or individual.