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Emirati Swvl to acquire Volt Lines

Emirati Swvl to acquire Volt Lines

Swvl Holdings Corp., a Dubai-based ride sharing startup, has agreed to acquire the transportation-as-a-service operator Volt Lines in its fourth acquisition since August. The sale values Volt Lines at USD 40m, with an additional USD 25m in funding committed to grow in the region, according to people familiar with the matter, who asked not to...