Dubai's Swvl Sells Mexican Subsidiary Urbvan Mobility For $12M As Focus Shifts To Priority Markets

This post was originally published on Forbes Middle East

Swvl Holdings, a Dubai-based mobility solutions provider, said Thursday it had sold its Mexican subsidiary Urbvan Mobility for $12 million to Kolors, a transport provider in South America. The sale comes as Swvl shifts its focus to expansions in higher-priority markets.