Mass transit technology specialist Swvl plans to acquire shared mobility platform Urbvan Mobility for an undisclosed sum.
Mexico-based Urbvan provides “tech-enabled” transportation services, and the acquisition will accelerate Swvl’s goal of providing smarter, more affordable mass transport for all.
Urbvan, founded in 2016, operates in 18 cities across Mexico, providing urban and intercity transportation as well as rides for private organizations and private on-demand services.
The acquisition, which is Swvl’s sixth in the past year, is expected to close in the third quarter of 2022.
Dubai-based Swvl announced the acquisitions of smart bus platform Zeelo and Volt Lines in April.
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