M&A Deal Summary

Swvl Acquires Volt Lines

On April 25, 2022, Swvl acquired internet software and services company Volt Lines

Acquisition Highlights
  • This is Swvl’s 1st transaction in the Internet Software and Services sector.
  • This is Swvl’s 1st transaction in Turkey.

M&A Deal Summary

Date 2022-04-25
Target Volt Lines
Sector Internet Software and Services
Buyer(s) Swvl
Deal Type Add-on Acquisition

Target

Volt Lines

Istanbul, Turkey
website
Volt Lines is a B2B and Transport as a Service mobility business with a strong 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. Through its monthly subscription option, Volt Lines facilitates consistent and reliable commutes for the employees of more than 110 companies (including ICBC, Mondelez, Axa Insurance, Pirelli, CMA-CGM, MetLife, and many more), which increases productivity for all stakeholders. Volt Lines was formed in 2018 and is based in Istanbul, Turkey.

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Buyer(S) 1

Buyer

Swvl

Dubai, United Arab Emirates

website


Category Company
Sector Internet Software and Services
DESCRIPTION

Swvl is a global tech startup based in Dubai that provides a semi-private alternative to public transportation for individuals who cannot afford or access private options. The Company has built a parallel mass transit system offering intercity, intracity, B2B, and B2G transportation in 10 megacities across Africa, Asia, and the Middle East. Swvl's tech-enabled offerings make mobility safer, more efficient, and environmentally friendly, while still ensuring that it is accessible and affordable for everyone. Customers can book their rides on an easy-to-use app with varied payment options and access high-quality private buses and vans that operate according to fixed routes, stations, times, and prices. Swvl is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 3 of 5
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 3 of 5
Country (Turkey) 1 of 1
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Door2Door

Berlin, Germany

Door2Door is a mobility platform providing software solutions for on-demand shared mobility, multimodal routing, and mobility analytics. Door2Door licenses its B2G/B2B mobility software to municipalities, mass transit operators, transit agencies, corporations, and automotive companies, Door2Door is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Zeelo

London, United Kingdom

Zeelo is an operator of a smart bus platform and technology scale-up, measured by bookings. Zeelo serves large businesses and independent schools and moves nearly 150,000 riders each month across the world. Zeelo was founded in 2016 and is based in London, United Kingdom.

Buy -