--- title: "Olympian Usain Bolt’s E-bike Sharing Company got Shut Down" description: "An e-bike and scooter-sharing startup was co-founded by Olympian Usain Bolt who would appear to shut down operations." author: "Siddhi Shaw" published: 2022-08-05 canonical: https://www.mindstick.com/news/1833/olympian-usain-bolt-s-e-bike-sharing-company-got-shut-down category: "technology" tags: ["technology", "bike", "company"] reading_time: 3 minutes --- # Olympian Usain Bolt’s E-bike Sharing Company got Shut Down An **[e-bike](https://www.mindstick.com/news/1646/kawasaki-to-instigate-brand-s-first-electric-bike)** and **scooter-sharing** startup was co-founded by **Olympian Usain Bolt** who would appear to [shut down](https://answers.mindstick.com/qa/108505/what-to-do-if-your-computer-won-t-shut-down) [operations](https://www.mindstick.com/blog/304985/how-does-devops-bridge-the-gap-between-development-and-operations-teams-like-git) he has highlighted the recent issues within the micro-mobility sector. **Bolt Mobility** was present in almost around five cities which includes **Portland**, **Burlington**, **Vermont** and **Richmond in California**, along with others through [acquisition](https://www.mindstick.com/news/2246/following-elon-musk-s-acquisition-gm-suspends-its-twitter-advertising) and well, a few of those were facing abandoned [equipment](https://www.mindstick.com/blog/301024/best-home-gym-equipment-for-2022) and unanswered calls. ``` HIGHLIGHTS Olympian Usain Bolt has to shut down operations of its e-bike sharing company The company vanished leaving behind the equipment and emails and calls unanswered In July, Bolt Mobility lost its allowance to operate in Portland ``` A transport planner in **Chittenden Country, Vermont** has mentioned that '**We have learned one or two of weeks ago (from them) that Bolt is ceasing operations.' He added that 'They have become non-existed, leaving behind the equipment and emails and calls unanswered. We have been unable to reach anyone, however it looks that they had closed shop in different markets as well**.' Bolt Mobility had eventually expanded to not less than **18 months ago**, shopping for the assets of **Last Mile Holdings**, which have been operating **Gotcha** and **OjO** **Electric**. It has opened up to forty eight new markets to the company in smaller cities like **Raleigh**, **NC and Mobile**, **Alabama**. However, Bolt Mobility lost its allowance to operate in Portland in the month of **July** because of problems with [insurance](https://www.mindstick.com/articles/12912/life-insurance-corporation-of-india-customer-services) and outstanding fees. A spokesperson in **Burlington** had mentioned that around one hundred bikes were left inoperable along with dead batteries, with the city asking the company to claim them before the country takes ownership. One of the **Burlington** representatives had mentioned that '**All of our contacts at Bolt along with CEO have gone radio silent and haven't replied to our emails**.' Well, [scooter](https://www.mindstick.com/news/1623/ola-electric-scooter-fires-rare-but-can-happen-in-future-says-ceo-bhavish-aggarwal) startups like **Bird** have hit the skids once it had started as billion-dollar '**unicorns**.' Bird's downside has been basically that it charges a good quantity of money, around **$6** for a **20-minute rental**, which would be quite an bit more than a metro or [bus](https://www.mindstick.com/news/1536/eka-e9-electronic-bus-starts-running-in-india-with-200-kw-motor) ride. Bird has lost an enormous quantity of money in **2020** when it has once taken barely **$79 million** in revenue which was down **40 percent** over **2019**. Following a **SPAC** merge, recently its [stock](https://www.mindstick.com/news/1102/elon-musk-tesla-ceo-says-he-sold-enough-stock-slams-california-for-overtaxation) value has eventually cratered from **$10** to simply over **50 cents**. Also Read: [Vanilla Ola S1 Scooter Halts in Production as it Offers Ola S1 Pro Features to Buyers](https://www.mindstick.com/news/1248/vanilla-ola-s1-scooter-halts-in-production-as-it-offers-ola-s1-pro-features-to-buyers) --- Original Source: https://www.mindstick.com/news/1833/olympian-usain-bolt-s-e-bike-sharing-company-got-shut-down Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.