Swvl to acquire Volt Lines for $40m.

Swvl, a provider of transformative tech-enabled mass transit solutions, agreed to acquire Volt Lines, a B2B and transport as a service mobility business, for $40m. "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.