One year after its launch to consumers in Toronto, Bolt’s North American brand Hopp unveiled a corporate mobility solution aimed at finance teams tired of dealing with disparate expense reports. It joins a market where Canada’s business travel spending was predicted to rise 17.7% to CAD $44.3 billion by 2025.
The Estonian mobility firm Bolt, serving over 50 countries, has expanded its Canadian ride-hailing brand Hopp into corporate travel by introducing Hopp for Business across 17 municipalities in the Greater Toronto Area.
This development follows Hopp’s initial consumer launch in the GTA in February 2025, during which users have collectively traveled over 72 million kilometers using the platform, according to the company.
Hopp for Business offers centralized billing, customizable spending limits, automated receipt generation, and compatibility with expense management platforms, enhancing the conventional ride-hailing service. A feature known as Ride Booker enables organizations to arrange travel for employees, partners, or guests who don’t need to use the Hopp app themselves.
Hopp claims the service can save employees around 20 minutes monthly on manual expense reporting, and businesses utilizing it elsewhere have seen reductions of up to 25% in travel costs by centralizing management—an outcome the company links to internal benchmarking.
The GTA coverage surpasses the original consumer initiative. Hopp for Business is available in Toronto, Mississauga, Brampton, Vaughan, Richmond Hill, Markham, Hamilton, Oakville, Oshawa, Whitby, Milton, Burlington, Pickering, Aurora, Halton Hills, King City, and Ajax, reaching industrial areas and suburban business hubs beyond the city core.
Bolt’s regional general manager André de la Torre described the launch as a conscious challenge to a market he considers overly concentrated. ‘The North American ride-hailing market has endured years of limited competition and escalating costs,’ he stated. ‘We’re here to offer Canadian businesses and riders a superior alternative.’
Canada offers significant opportunities. The Global Business Travel Association ranked it as the 13th largest business travel market globally in 2024, projecting spending to rise 17.7% to CAD $44.3 billion in 2025, up from the $36.5 billion the preceding year. Corporate ground transport is increasing as hybrid work arrangements create demand for more brief city trips.
Hopp’s venture into the business sector positions it to compete effectively against Uber: corporate procurement priorities focus on cost efficiency and reporting needs rather than consumer preferences, which benefits a competitor with a lower commission structure in crafting a compelling sales narrative.
Bolt imposes a 15% commission on drivers, asserting that it’s lower than Uber’s approximate 25%, enabling more competitive pricing for rides while preserving driver earnings.
Established in Tallinn in 2013 by Markus Villig, Bolt is valued at about €7.4 billion following investment led by Sequoia Capital and Fidelity Management. The company operates in Europe, Africa, Asia, and Latin America alongside its newer presence in North America.
Hopp’s consumer offering debuted in the GTA in February 2025, encompassing Toronto, Mississauga, Markham, Vaughan, and Richmond Hill. Toronto’s ride-hailing scene is one of the most competitive in North America, with over 80,000 licensed ride-share drivers and an estimated 250,000 vehicle-for-hire trips processed daily.