$1,621,050,331+
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Swvl, a provider of tech-enabled mass transit solutions, has announced the acquisition of Mexico-based Urbvan Mobility Ltd, a shared mobility platform that provides tech-enabled transportation services to Latin America’s second-biggest country by population.
Urbvan provides technology-enabled transportation services with the goal of improving both the quality of life and the safety standards of bus travel over long distances. The acquisition gives SWVL a chance to accelerate its aim of providing safer, faster, smarter, and more affordable mass transportation for everyone, no matter where they live through integrating mobility patterns with a shared car aggregator platform.