A year after its consumer launch in Toronto, Bolt’s North American brand Hopp has introduced a corporate mobility product targeting finance teams frustrated by fragmented expense reporting. It enters a market where Canada’s business travel spending was forecast to grow 17.7% to CAD $44.3 billion in 2025.
Bolt, the Estonian mobility company that operates in more than 50 countries, has expanded its Canadian ride-hailing brand Hopp into corporate travel with the launch of Hopp for Business across 17 municipalities in the Greater Toronto Area.
The move comes a year after Hopp’s consumer debut in the GTA in February 2025, during which riders have collectively covered more than 72 million kilometres on the platform, according to the company.
Hopp for Business adds centralised billing, configurable spending limits, automated receipt generation, and integration with expense management platforms to the standard ride-hailing product. A feature called Ride Booker allows organisations to schedule travel for employees, partners, or guests who do not themselves need to use the Hopp app.
The 💜 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol’ founder Boris, and some questionable AI art. It’s free, every week, in your inbox. Sign up now!
Hopp says the product can save employees around 20 minutes a month in manual expense reporting, and that companies using it across other markets have achieved savings of up to 25% on travel spend by centralising management, a figure it attributes to internal benchmarking.
The GTA coverage is broader than the original consumer launch. Hopp for Business is available across Toronto, Mississauga, Brampton, Vaughan, Richmond Hill, Markham, Hamilton, Oakville, Oshawa, Whitby, Milton, Burlington, Pickering, Aurora, Halton Hills, King City, and Ajax, extending into industrial zones and suburban business parks beyond the city centre.
Bolt’s regional general manager André de la Torre framed the launch as a deliberate challenge to an overly concentrated market. ‘The North American ride-hailing market has faced years of limited competition and rising costs,’ he said. ‘We’re here to give Canadian businesses and riders a better alternative.’
Canada is not a small prize. The Global Business Travel Association ranked it the 13th largest business travel market globally in 2024 and forecast spending would grow 17.7% to CAD $44.3 billion in 2025, up from $36.5 billion the year before. Corporate ground transport is a growing share of that spend as hybrid working patterns generate more short city trips.
Hopp’s pitch into the business segment also positions it where Bolt may find it easier to win accounts from Uber: corporate procurement decisions are shaped by cost controls and reporting requirements rather than consumer habit, which gives a challenger with a lower commission model a more structured sales argument.
Bolt charges drivers a 15% commission, which it claims is lower than Uber’s approximate 25%, allowing it to price rides more competitively while maintaining driver earnings.
Bolt was founded in Tallinn in 2013 by Markus Villig and is valued at approximately €7.4 billion following a funding round led by Sequoia Capital and Fidelity Management. It operates across Europe, Africa, Asia, and Latin America alongside its newer North American presence.
The Hopp consumer product launched in the GTA in February 2025, covering Toronto, Mississauga, Markham, Vaughan, and Richmond Hill. The Toronto ride-hailing market is one of the most contested in North America: the city has more than 80,000 licensed ride-share drivers and processes an estimated 250,000 vehicle-for-hire trips daily.
Stephan is the sports journalist for the Maple Grove Report.
