Nexbus Digital, SAPI de CV acquired COMMUTE TECHNOLOGIES, S.A.P.I. de C.V. from Swvl Holdings Corp. (NasdaqCM:SWVL) for $12 million on September 13, 2023. Swvl will receive $12 million for the sale of Urbvan, of which $9.5 million in cash was paid at closing, and $2.5 million to be paid over 1 year. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as legal advisor to Nexbus Digital, SAPI de CV.
Nexbus Digital, SAPI de CV completed the acquisition of COMMUTE TECHNOLOGIES, S.A.P.I. de C.V. from Swvl Holdings Corp. (NasdaqCM:SWVL) on September 13, 2023.