Categories: Technology

Bolt Accelerator winners awarded $22K seed funding

The Bolt Accelerator Program, launched in April 2024, has successfully concluded in Kenya, awarding the top 10 drivers and couriers with $2,228 (over KES 280,000) each in seed funding for their innovative business ideas. The initiative, organized by Bolt, a leading mobility company in Africa, aims to empower drivers to transform bold, sustainable transport concepts into reality.

The awards ceremony took place at Sarova Stanley Hotel in collaboration with The Nest Innovation Technology Park. 

The program received over 800 applications from Kenyan drivers and couriers, with 120 entrepreneurs being shortlisted for the Bolt Academy—a phase dedicated to business skills training. From this group, the top 20 finalists advanced to exclusive mentorship sessions with industry experts, further preparing them for Pitch Day.

During Pitch Day, finalists presented a wide range of innovative ideas to a panel of judges, including Linda Ndungu, General Manager of Rides at Bolt, and Maryanne Akoth, Director of Programs at Strathmore Business School. The pitches showcased creative solutions, including electric vehicle charging stations, accessible vehicles for people with disabilities, and tech-driven last-mile delivery solutions.

Linda Ndungu, General Manager, Rides said, “Our driver and courier partners are at the very core of the Bolt ecosystem. They are not just service providers; but are essential members of a broader community that keeps millions of people connected across Kenya and beyond. We recognise that, and today we are happy to be celebrating their importance and investing in their future.”

Oluwajoba Oloba, Co-Founder of The Nest Innovation Technology Park, remarked on the program’s significance: “Programs like the Bolt Accelerator are essential for driving innovation and entrepreneurship in Kenya. By offering resources, mentorship, and financial backing, individuals are empowered and this in turn helps boost Kenya’s GDP. A vibrant startup ecosystem fosters job creation, attracts foreign investment, and strengthens economic resilience. We commend Bolt and encourage other organizations and government agencies to support these initiatives to unlock Kenya’s full entrepreneurial potential.”

The top 10 winners will now participate in a transformative six-week post-mentorship program, providing them with continued guidance and access to a network of industry experts to propel their businesses forward.

Among the notable awardees were Adrian Kagiri Amunga (Most Innovative Idea), Antony Gwaro Nyangaresi (Most Scalable Idea), and Teddy Muthami Muriithi (Best Pitch).

“To the winners, your dedication and creativity have rightfully earned you this recognition, along with $2,200 in seed funding. We are eager to see where your entrepreneurial journey leads from here,” added Linda Ndungu

Josephine Mumbua

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