Swvl To Acquire Mexico’s VC-backed Urbvan for USD82m

Source(s): Cision PR NewswireLatamList

SWVL agreed to acquire Urbvan Mobility, a Mexico-based shared mobility platform, for a reported USD82m as part of its Latin America expansion strategy. Investors in Urbvan include Angel Ventures, DILA Capital KASZEK, Liil Ventures and Anteris Capital. Swvl listed on the Nasdaq through a SPAC merger with Queen’s Gambit Growth Capital in April. Read more here and here