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Julia Steyn is the new CEO of scooter company Bolt Mobility (Images courtesy of Bolt)

Julia Steyn, who ran GM's urban car-sharing service, Maven, until early this year, has been named CEO of Bolt Mobility, a Miami Beach-based electric scooter company co-founded by Olympic sprinter Usain Bolt.

Why it matters: Bolt's co-founders B. Sarah Haynes and Kamyar Kaviani will step aside as co-CEOs to make room for Steyn, whose urban mobility experience is expected to help the 1-year-old company improve and refine its business model. Renting scooters today, Bolt had intended to add a shared electric car to its lineup in 2020, but the company now says it has scrapped that plan.

"As cities continue to re-envision their transportation infrastructure to accommodate expansion, growing populations and increased congestion, micromobility solutions are even more vital," Steyn said in a statement.

The intrigue: The name of Steyn's new company is strikingly similar to the Chevrolet Bolt EV sold by her former employer.

Go deeper: Modern cars are testing the limits of their computer hardware

Editor's note: This story was updated to reflect that the 2020 car project promoted on its website is no longer a priority.

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

How the tech stock selloff is hurting average Americans

Expand chart
Data: FactSet; Chart: Axios Visuals

Investors holding the ultra-popular Nasdaq 100 and S&P 500 index funds have been hard hit over the last two weeks as tech shares have been roiled by rising U.S. Treasury yields.

Why it matters: Even though the economy is growing and many U.S. stocks are performing well, most investors are seeing their wealth decline because major indexes no longer reflect the overall economy or even a broad swath of public companies — they reflect the performance of a few of the country's biggest companies.

2 hours ago - World

UN rights chief: At least 54 killed, 1,700 detained since Myanmar coup

A Feb. 7 protest in Yangon, Myanmar. Photo: Getty Images/Getty Images

Police and military officers in Myanmar have killed at least 54 people during anti-coup protests, while "arbitrarily" detaining over 1,700 people, United Nations Human Rights Commissioner Michelle Bachelet said Thursday.

Why it matters: Protesters have demonstrating across Myanmar for nearly a month, demanding the restoration of democracy after the country's military leaders overthrew its democratically elected government on Feb. 1.

3 hours ago - Health

The danger of a fourth wave

Expand chart
Data: The COVID Tracking Project, state health departments; Note: Anomalous Arkansas case data from Feb. 28 was not included in the calculated change; Map: Andrew Witherspoon/Axios

The U.S. may be on the verge of another surge in coronavirus cases, despite weeks of good news.

The big picture: Nationwide, progress against the virus has stalled. And some states are ditching their most important public safety measures even as their outbreaks are getting worse.