AcquisitionsJun 5, 2026, 04:33 AM
VEON's Uklon Acquires E-wings for $2.2M to Expand Mobility Platform
AI Summary
VEON Ltd. announced that its subsidiary Kyivstar's ride-hailing platform, Uklon, is acquiring electric scooter operator E-wings for approximately $2.2 million (UAH 97.6 million). This acquisition will transform Uklon into a multimodal mobility platform, integrating electric scooters with its existing ride-hailing, delivery, and travel services. The deal, expected to close in Q3 2026, supports Kyivstar's strategy to build a digital ecosystem and enhance sustainable urban mobility in Ukraine.
Key Highlights
- Uklon to acquire 100% of electric scooter operator E-wings.
- Acquisition price is UAH 97.6 million (approximately $2.2 million).
- E-wings operates in 11 cities across Ukraine with ~3,000 electric scooters.
- Transaction is expected to complete in the third quarter of 2026.
- Uklon's platform will integrate scooters with ride-hailing, delivery, and travel.
- VEON serves over 150 million connectivity and 228 million digital users.
Price Impact
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