Bolt Mobility Corporation

Bolt Mobility Corporation

Enabling Micromobility

Security Type
Common Stock
Transportation & Storage
Min Investment
Miami, FL
Offering Date
November 05, 2020
Expected Close Date
April 30, 2021
Target Raise
Deal Notes

Price per Share: $2.50



Company Description

Bolt is a micromobility company that provides sustainable transportation solutions to communities and organizations throughout the world, according to their specific needs and infrastructure. Our product suite includes electric scooters and bikes, imagined by world-renowned designers, that allow the communities and organizations who use them to maximize efficiency and mobilize their workforce.


$300 Investment = Bolt "Owners Circle" T-Shirt
$1000 Investment = Bolt "Owners Circle" T-Shirt, Virtual Q&A with Ed Welburn
$10,000 Investment = Bolt "Owners Circle" T-Shirt, Virtual Q&A with Ed Welburn, 1% bonus shares, Unlimited rides for life on Bolt Scooter Network (Non-transferrable)
$30,000 Investment = Bolt "Owners Circle" T-Shirt, Virtual Q&A with Ed Welburn, 5% bonus shares, 1 Next Generation 2021 Bolt Scooter
$50,000 Investment = Bolt "Owners Circle" T-Shirt, Virtual Q&A with Ed Welburn, 10% bonus shares, 2 Next Generation 2021 Bolt Scooters
$100,000 Investment = Bolt "Owners Circle" T-Shirt, Virtual Q&A with Ed Welburn, 10% bonus shares, 2 Next Generation 2021 Bolt Scooters, Virtual Meet & Greet with Usain Bolt

Key Deal Facts

Bolt was founded by Olympic gold medalist and fastest man alive, Usain Bolt. Joining the team is the legendary former VP of General Motors Global Design, Ed Welburn, considered one of the premier minds in automotive design.
The need for personal transportation devices has caused the e-scooter market to experience an increase in profits since the pandemic and the US Market is projected to be worth $300B by 2030. 
Since founding in 2018, Bolt has raised over $30M to fund their initial growth.

Management Team / Advisory Board Bios

Ignacio Tzoumas
Ignacio Tzoumas is the CEO of Bolt Mobility. He has worked in finance since 1997 and has served in a variety of senior leadership roles. Having been with Bolt since its inception in 2018, Ignacio served as our CFO prior to transitioning to CEO in September 2020. Ignacio graduated from the University of Pennsylvania with a BS in Bio-Engineering.
Ignacio has spent his career creating wealth for investors and teaching others how to maximize their financial potential. He has created a sustainable financial model for continuous research, design, and innovation, is an active angel investor in start-ups and mentors emerging talent in various financial routes.
Ignacio is an active member of the Transportation and Connectivity board of the City of Chapel Hill, North Carolina. Here, he actively works with city officials to find cost-effective transportation solutions for the underserved members of the community. He has extensive experience building relationships with local government officials and is often a resource to the City of Chapel Hill. Ignacio's leadership at a hedge fund and a trading firm have fueled his desire to ensure that success is achieved by all members of the community.
While spending most of his time leading Bolt, he is also currently the CFO of PFO, a family office, and spends about 5% of his time working with them.

Kamyar Kaviani
COO & Co-Founder
Kamyar Kaviani our Co-Founder and COO of Bolt Mobility: Creator and former CEO of multiple technology companies in the emerging STEM (Science Technology Engineering and Mathematics) market including HyperOffice, HTR (a public company that merged with VCAMPUS) and Saba (a public company).
Kamyar has had years of experience in the technology space, as well as being an entrepreneur. Before Bolt, Kamyar was the co-founder and CEO of HyperOffice. He was also co-founder, chairman, and CEO of HTR and co-founder of Saba. He serves as the Chairman of Advisory Committee and a founder of Corporation and is the executive chairman of Breezio, Inc.
Kamyar has used Internship programs to educate and develop future leaders in technology. He has fostered over 500 interns who are now active contributors to the STEM industry. Through partnerships with colleges and universities in Maryland, Kamyar has provided real leadership experiences for students. He has brought his talent for leadership and innovation to Bolt to create partnerships with cities to provide commuters with safe, environmentally friendly transportation.
Kamyar currently sits on the Board of Directors of Breezio, an online community platform, and spends approximately 1% of his time advising them.

Shervin Pishevar
Chairman of the Board
In addition to being chairman of the Bolt Mobility Board of Directors, Shervin is a serial entrepreneur and investor. He co-founded Sherpa Capital, a leading venture capital firm with $650m under management and is also co-founder and first Executive Chairman of Virgin Hyperloop One, a transportation company. From 2013 through 2017, Shervin was General Partner of Sherpa Capital Fund I, Sherpa Capital Fund II and Sherpa Everest I, where he helped raise and invest over $650m in the 3 funds.
Shervin is one of the top ranked venture capital investors, averaging over 73x on his investments. Forbes ranked Shervin #93 on 2017's The Midas List for the top 100 venture investors where he has been ranked in the Midas List top 100 venture capitalists list in 2014, 2015, 2016 and 2017.
Shervin is a former member of the Board of Directors of Uber (where he was Board Observer from 2011-2015 in addition to a Strategic Advisor), Wag, Machine Zone, Cue Health, Munchery, Pillpack (Board Observer) and others. He has supported many charities and served on charity boards like (along with Jack Dorsey and others) and has served as an advisor to the Malala Fund. Shervin is also co-founder of Sofreh Capital.
Prior to co-founding Sherpa Capital, he was a Managing Director at Menlo Ventures, a venture capital firm with over $4 billion under management. Shervin joined Menlo Ventures in 2011 and led key early investments in Uber (Series B), Machine Zone (Series B), Warby Parker (SeriesA), Tumblr, Getaround and others. He also started their seed investment program called Menlo Talent Fund and helped close over 35 seed investments including Parse (sold to Facebook) and Scan (sold to Snap). In addition, as an angel investor, he personally made over 100 seed and angel investments in companies such as Dollar Shave Club (sold Unilever for a $1 billion), Postmates, Cherry (acquired by Lyft), TaskRabbit, Parse, Qwiki, Gowalla, Milk, Socialcam, and Klout.
An accomplished entrepreneur, Shervin founded and operated technology-enabled companies, including Virgin Hyperloop One, (as founding President and COO) which was acquired by VistaPrint, SGN (now JamCity, a leading mobile game developer), WebOS and HyperOffice. Companies he founded have reached an aggregate of over 100 million users.
In 2016, Shervin was selected as an Ellis Island Medal of Honor award winner. He was appointed by President Barack H. Obama to serve on the J. William Fulbright Foreign Scholarship Board (FFSB) from 2015. He was also chosen by the U.S. Government as an Outstanding American by Choice, one of the only 100 naturalized Americans to be chosen since the beginning of the award. He has served on the advisory board of Comscore, was one of the 10 members of the UN Foundation's Global Entrepreneurs Council, served as an entrepreneurial ambassador in several state department delegations to the Middle East and Russia, and was a keynote speaker at President Obama's Summit on entrepreneurship in Algeria.

Julia Steyn
Board Member
Bolt board member and former CEO, Julia Steyn is considered an innovative thought leader in transportation. Julia previously served as Vice President, Urban Mobility and Maven at General Motors from 2015 to 2019. She joined GM as Vice President, Corporate Development, Mergers & Acquisitions, in 2012. Julia was Vice President, Co-Managing Director of Alcoa Corporate Development from 2008 to 2012 and was a Vice President in the Investment Banking Division of Goldman Sachs from 2001 to 2008. She started her career as a Business Analyst with A.T. Kearney and holds a B.A. from Oberlin College and an M.B.A. from The University of Chicago. 

Maggie Vo
Board Member
Maggie Vo, CFA, is a finance expert with more than a decade’s experience in the public markets, analyzing and managing investments across a wide spectrum of assets classes, both traditional and alternative. She is also on Bolt Mobility’s board of directors.
Born in Vietnam, Maggie began her career in finance at Prudential Vietnam Fund Management and, later, Prudential Property Investment Managers in Singapore, gradually cultivating a rich network across Asia. She focused specifically on private equity real estate, in addition to driving efforts around fundraising, deal prospecting, valuation, and due diligence for the fund.
In the U.S., Maggie then accepted the position of Portfolio Manager at Blue Shores Capital, where she managed the boutique hedge fund's flagship Global Long Short Equity strategy. She was responsible for the development of proprietary models and oversight of the fund’s risk-management process, a duty that has fundamentally informed Fuel Venture Capital’s proprietary downside risk-mitigation investment theory.
Maggie’s transition from the public markets to the world of venture capital was spurred by the realization that value is continually shifting to actors in early-stage private-market deals. As General Partner and Chief Investment Officer of Fuel Venture Capital, Maggie spearheads due diligence processes that determine prospective investments and capital deployment and steers valuation analyses of existing portfolio companies. Perhaps most importantly, Maggie acts as an instrumental source of guidance for the executives of Fuel portfolio companies as they troubleshoot through the challenges of entrepreneurship in the fast-paced, high-stakes technology sector – from recruiting and sales strategies, to company culture building and corporate governance measures.
Maggie is a Chartered Financial Analyst® charterholder. She graduated Phi Beta Kappa and Magna Cum Laude from Centre College with a B.S. in Financial Economics and Mathematics. Currently she is an active member of the CFA Institute, the CFA Society of South Florida and the CFA Society of Miami, and 100 Women in Finance

Deal Notes

Price per Share: $2.50


Amount Raised : $186,826
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Security Description

Common stock is a security that represents ownership in a corporation.

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