The company said the name change is due to the fact they will no longer just be focusing on cars, but believes the future of transportation is electric.
“Taxify launched five years ago with a mission to make urban transportation more convenient and affordable.
“Our first product was a taxi dispatch solution that gave the company its original name.
“While we’ve made progress on our mission, we’ve also started to outgrow parts of our brand, including the name.”
Taxify added that it has not been acquired by another company and remains independent.
Bolt users won’t need to take any action as the app will update automatically.