This week Oliver interviews Mina Nada, CEO of Bolt Bikes, about theirbusiness leasing ebikes to delivery gig workers likeUberEATS/Deliveroo/DoorDash in the UK, US and Australia. Given everythinghappening right now with COVID19 and the explosion in delivery based mealconsumptions, this is a great interview.Specifically, we dig into:- Mina’s background at Bain, Deliveroo and Mobike, and how that preparedhim for Bolt Bikes.- The unit economics of their business, including 6 month paybacks, 3 yearcycles and 66% residual value for depreciated bikes.- How most markets are still allowing takeaway and delivery during COVID19lockdowns.- How couriers calculate the costs and tradeoffs of leasing vs owning theirown vehicles (ie. bikes, ebikes vs mopeds) and why the end-to-end andflexible nature of access positions Bolt well to solve the job to be done.- Their plans for expansion and vertical integration into their own Bolthardware- A discussion about ebikes and the future of the fleet, including e-mopedsand the newly released Arcimoto delivery vehicle.- Bolt’s ability to raise debt capital to fund expansion- Why they plan to double down on B2B rentals, and not focus at all on B2C.It was a great discussion - well worth listening to!