Swvl, an Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator. The primarily stock deal, which was valued at around $40 million, gives Swvl access both to Volt Lines’ tech as well as its over 110 corporate […]
RIYADH: Swvl Holding Corp., a Dubai-based transportation and ride-sharing company, acquired Volt Lines, a Turkish transport company in a $40 million deal. Marking its fourth acquisition since August, Swvl will now have access to Volt Lines technology as well as 110 corporate client contracts, according to MAGNiTT. The deal comes as Swvl’s expands further into global markets,
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