Swvl, a global provider of transformative tech-enabled mass transit solutions, acquired Volt Lines, Turkey-based B2B and Transport as a Service mobility business. The acquisition builds on Swvl’s recent acquisitions of Shotl and Viapool, and pending door2door.
Founded in 2018, Volt Lines has a presence in major Turkish cities including Istanbul and the capital Ankara. The company provides corporate clients with a smart and cost-effective alternative to public transportation or ride hailing for commuters by utilizing a network of smartly routed shared buses.
“Volt Lines shares Swvl’s commitment to expanding opportunities and reducing emissions through forward-thinking mobility solutions. With this acquisition, we are deepening our presence in Europe, immediately expanding our enterprise client-base and continuing to deliver on our growth objectives. We look forward to welcoming the Volt Lines team to the Swvl family and working together to realize our shared vision of revolutionizing mass transit systems around the world,” Mostafa Kandil, Swvl Founder and CEO, said.
Read more: Swvl commits $15m in Argentina expansion
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
