Attributes 5,159% Revenue Growth to building innovative systems that own the entire fulfillment process
TORONTO, November 17, 2021 — Bolt Logistics today announced it ranked sixth on the Deloitte Technology Fast 50 List and 40th on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Bolt Logistics grew 5,159% during this period.
Bolt Logistics’ chief executive officer, Mark Ang, credits its natively built technology with the company’s 5,159% revenue growth. He said, “Renting a truck and conducting deliveries isn’t rocket science. It’s relatively simple at a small scale, but where it gets tricky is building the systems to manage the quality of tens of thousands of deliveries per day. We’ve built a robust, wholly owned model so we can manage our merchants’ shopper experience from the time the product touches our warehouse through to it being received by the shopper in their home."
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
About Bolt Logistics
Founded in 2017, Bolt Logistics (“Bolt”) is a leading Canadian technology-enabled logistics and last-mile delivery provider for businesses of all sizes – from local ecommerce shops to national retailers. Bolt provides a customer-centric and sustainable approach to fulfillment, including reliable warehousing, pick and pack, shipping, and last-mile delivery. By operating as an extension of every customer’s team, Bolt delivers best-in-class services every step of the way, ensuring faster, more cost-effective, and complete customer deliveries. Bolt also strives to be carbon negative by 2023 and is building Canada’s largest electric vehicle fleet. For more information on why Canada’s largest box mattress companies, furniture businesses, and ecommerce entrepreneurs trust Bolt as their fulfillment partner, visit gobolt.com.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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