Bolt, the leading ride-hailing platform in Africa, has today announced the selection of the top 120 participants for its Accelerator Program in South Africa. Following a rigorous evaluation process, these individuals have distinguished themselves with their innovative ideas and commitment to shaping sustainable transportation solutions.
Lerato Motsoeneng, Senior General Manager at Bolt South Africa, said: “We are happy to commence the next phase of the Accelerator program, which will involve mentorship and online business training for the top 120 participants. The great response we received from close to 600 applicants underscores the ambition and talent within our driver community. As a company, we are not solely fostering business growth; we are also committed to empowering and creating greater opportunities for our key partners on our platform.”
The selected participants will now participate in a business accelerator program hosted by Pranary, a practical business school. Here they will get access to expert-led training and proven strategies to launch and grow profitable businesses. Guest speakers include notable names such as Mo & Michelle Mokone, co-founders of Mo’s Crib – a leading international homeware brand specializing in artisanal basketry and sustainable decor solutions, and Ego Iwegbu, co-founder & CEO of The Good Mineral, MSLONDON®️ Cosmetics & Miss Salon London®️.
The program will culminate in the highly anticipated Business Pitch Day, when the top 20 business ideas will compete for seed funding, and the top ten business ideas will be selected to receive seed funding of €2000 (about R40 000) each, accompanied by ongoing mentoring support to nurture their ventures to fruition.
This development expresses Bolt and Pranary’s commitment to promoting entrepreneurship and sustainable urban mobility solutions within South Africa’s diverse communities.