GoBolt operates an integrated supply-chain network and partners with merchants to deliver an end-to-end customer experience by providing warehousing, pick-and-pack, shipping and last-mile delivery. The company runs a growing network of warehouses across North America and offers a suite of proprietary apps developed by an in-house engineering team to enhance merchant transparency and control. Led by CEO Mark Ang, GoBolt positions itself as a technology-driven, vertically integrated logistics provider focused on sustainability. The company intends to use its new funding to expand its electric fleet and charging infrastructure and to invest in robotics and warehouse automation. As of this round, GoBolt has raised more than CAD$222.5M to date. The business combines physical logistics operations with software to operate as an extension of each merchant’s team. Bolt Logistics provides warehousing, pick-and-pack, shipping, and last-mile delivery services as a technology-enabled fulfillment partner. Founded in 2017, Bolt scaled from a consumer storage business into a B2B offering serving Toronto, Ottawa, Montreal, and Vancouver. The company emphasizes a customer-centric, simplified, and sustainable approach and handles everything from small parcels to heavy-and-hard-to-handle deliveries. Bolt aims to be carbon negative by 2023 and is building what it calls Canada’s largest electric vehicle fleet. Using recent financing, Bolt plans to deepen penetration in existing markets, expand its partner pool, grow its talent pipeline, and pursue expansion into the United States. The company projected a headcount of 1,000 employees by the end of 2021, up from about 200 earlier in the year.

Total raised

$148M

Funding rounds

2

Latest round

Series C

Latest activity

Dec 2022