Global shared mobility platform Bolt has extended its Bolt Accelerator Programme to South Africa, following its successful implementation in Nigeria, Ghana, and Kenya. According to a statement, the economic empowerment initiative is now seeking 10 start-ups for seed funding across South Africa. A seed fund of €20,000 (approximately R380,000) has been allocated to support business plans developed by Bolt drivers or their immediate family members.
The programme aims to bring drivers’ business ideas to life by providing seed funding and mentorship to help them succeed. Beneficiaries will be invited to pitch business ideas that address real-life tech mobility challenges in South Africa, with a focus on sustainability, creating more people-centric cities, or inclusive mobility.
A total of 120 participants will receive online training and submit their one-minute pitch in video format. The top 10 applicants will receive additional training and comprehensive mentorship to prepare for the final pitch. The programme will be run in partnership with Pranary, a business school and entrepreneur community. Pranary’s network of mentors will support eligible participants in developing their business plans.
Selected participants will be equipped with mentorship and workshops. The top 10 business ideas will each receive seed funding of €2,000 (about R40,000).
“We see ride-hailing as more than just a source of income; it’s a launch pad for entrepreneurial dreams,” says Simo Kalajdzic, Bolt’s senior operations manager for South Africa. “We’re excited to support the drivers’ innovative projects, helping them build sustainable businesses, contribute to their communities, and potentially even become partners in Bolt’s ongoing success story.”
Sandras Phiri, founder and CEO of Pranary, adds:
At Pranary, we believe in practical, hands-on learning that produces real results. Through our artificial intelligence-enhanced platform and network of experienced mentors, we’ll provide participating drivers with the tools, skills, and guidance needed to turn their innovative ideas into viable businesses. This programme perfectly aligns with our mission to empower entrepreneurs through actionable learning and immediate implementation.
The Bolt Accelerator Programme has so far funded 30 Bolt driver partners from Nigeria, Kenya, and Ghana, helping to create businesses that range from maintenance mobile apps to charging stations for electric vehicles and fleet management. Additionally, 360 drivers have participated in the Bolt Academy skills development programme.
Applicants can submit their ideas here.
