Second Closet rebrands to Bolt, reflecting company’s growth as a leading and sustainable fulfillment and logistics provider
New branding speaks to the company’s commitment to providing sustainable tech-enabled, and fully integrated logistics services
TORONTO – July 20, 2021 – Second Closet, a leading Canadian technology-enabled logistics and last-mile delivery provider, today announced its rebrand to Bolt Logistics (“Bolt”). The Bolt name exemplifies its commitment to speed of service, as well as a simplified, customer-centric and sustainable approach to fulfillment, including reliable warehousing, pick and pack operations, shipping, and last-mile delivery services across Canada. This rebrand also signifies the start of a new chapter for the company and aligns with the company’s growth strategy which includes a plan to increase its team to over 1,000 (from 650 current employees) by the end of 2021.
The rebrand to Bolt further reflects the company’s aggressive goals for sustainability, and its mission to leave a smaller environmental footprint. Bolt plans on building the largest electric vehicle fleet in Canada with 10 electric trucks arriving in fall 2021, and another 16 on order for early 2022. Additionally, all warehouses in Toronto, Ottawa, Montreal and Vancouver are equipped with energy-efficient lighting and an optimized circular supply chain to accelerate the company’s goal of carbon negative operations by 2023.
“While the last 16 months have been riddled with change and uncertainty, our commitment to best-in-class integrated logistics services and sustainable last-mile delivery has remained constant and unparalleled,” said Mark Ang, CEO, Bolt. “I continue to be inspired every day by our leadership team who are dedicated to ensuring our customers always remain at the centre of everything we do, and who have been instrumental in achieving this milestone. By continuing to prioritize technology-enabled and energy-efficient operations while growing at lightning speed along the way, our company’s mission of simplifying logistics has never been clearer with Bolt. We are incredibly excited to begin this new chapter and we look forward to continuing to propel the logistics industry forward in the years to come.”
Bolt has seen a 400 per cent revenue growth since Q1 2020, serving clients in key markets including Toronto, Ottawa, Montreal, and Vancouver through its current network of warehouses totalling over 400,000 square feet, and a fleet of 100 trucks. Bolt’s growth strategy also includes plans for U.S. expansion in 2022, which will see additional warehouses and electric vehicle fleet growth.
Bolt’s best-in-class operations offers service that is three-times faster than typical ecommerce fulfillment, with a greater selection of delivery options. In addition to optimizing routes for increased density to reduce miles driven and lower fuel costs, Bolt also increases delivery accuracy by providing retail customers with visibility into order arrival time with real-time truck tracking.
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 small local e-commerce shops to large national retailers. Bolt provides a customer-centric and sustainable approach to fulfilment, including reliable warehousing, pick and pack, shipping, and last-mile delivery. By operating as an extension of every customers’ 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 e-commerce entrepreneurs trust Bolt as their fulfilment partner, visit gobolt.com.