This is also the first time the company has tested the waters in the South Asian region.
The Estonian company has already promised 20% lower fares than the competition while charging no commission from the drivers, for at least six months.
At present, the company claims to have a fleet of 2,000 drivers for its Colombo operations.
Bolt is an Estonian ride-hailing service founded by brothers Markus and Martin Villig in 2013. But the company’s footprint extends well beyond Europe, reaching 100 cities across the world. This includes Africa, the Americas, and Asian countries like Saudi Arabia, Lebanon and Thailand.