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# Swvl acquires transport startup Urbvan in an $82 million deal
- URL: https://www.techloy.com/swvl-acquires-transport-startup-urbvan-in-an-82-million-deal/
- Published: 2022-07-14T10:32:26.000Z
- Updated: 2022-12-08T01:27:35.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Mobility, Swvl, Tech in Latin America

Latin America-based mobility startup, [Swvl Holdings Corp.,](https://www.swvl.com/) has acquired [Urbvan,](https://urbvan.com/) a transportation startup for $82 million, expanding its presence to 164 cities in 22 countries including Brazil, Argentina, and Chile.

- The acquisition will enable the startup to improve its stack of technology and advance its mobility offerings.
- Both Swvl and Urbvan target covering the inefficiencies of traditional transportation using innovative technological solutions and providing smart and safe transport experiences for users.
- Swvl will now have access to 18 cities where Urbvan has registered its presence and its mobility operations such as UrbvanCity, UrbvanTravel, UrbvanTeams, and UrbvanRental.
- The merger will improve urban transportation services in Mexico and Latin America and reduce carbon emissions, the startups claim.