# Volt Lines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/volt-lines

- Industry: Transportation Services
- Headquarters: Istanbul, Turkey
- Website: www.voltlines.com
- Total disclosed funding: $7.2M
- Latest round: Series A (Dec 27, 2019)
- Investors on record: 8

## About

Volt Lines, based in Istanbul, Turkey, provides innovative corporate transportation solutions, focusing on smart personnel shuttle services that enhance commuter experiences for employees traveling between their homes and workplaces.Volt Lines, founded in 2017 by Ali Halabi, operates from its headquarters in Istanbul, Turkey, offering corporate transportation services. The company has successfully completed 8 deals, with the most recent being a Trade Sale on April 25, 2022, in which SWVL Inc. led the investment alongside Agility Logistics and Careem Networks FZ LLC. The total amount raised by Volt Lines is USD 0.49 mn, and the current company valuation stands at USD 40.00 mn.Volt Lines specializes in corporate transportation solutions, focusing on smart personnel shuttle services that enhance the commuting experience between employees' homes and workplaces. Their primary offerings include a technology-enabled transport system, facilitated through a driver application that provides route details and passenger information, while employees can access real-time updates through a dedicated passenger app. The service allows for seamless interaction between drivers and passengers, with all communications protected via VoIP technology. Volt Lines primarily serves corporate clients in various sectors, including technology parks and factories, ensuring efficient employee transportation across key urban markets such as Istanbul, Ankara, and Izmir, aligning with the sustainability goals of businesses in these areas.Volt Lines generates revenue through business-to-business transactions, offering subscription-based services for corporate clients that require personnel transportation solutions. The revenue model is based on partnerships where clients pay for shuttle services according to their specific transportation requirements, including routes and service frequency. This approach enables businesses to optimize transportation costs by utilizing shared seating on existing routes, resulting in potential savings of up to 30%. Additionally, clients receive detailed reports and analytics on employee commutes, which can be integrated into their sustainability initiatives, with a pricing structure that ensures flexibility in service delivery.Volt Lines aims to enhance its service offerings and expand its presence in the corporate transportation sector. The recent acquisition by SWVL Inc. is expected to deepen its foothold in Europe and broaden its enterprise client base. Leveraging the recent funding from the Trade Sale, Volt Lines plans to improve its technology solutions and develop new products tailored for corporate clients. Moreover, the company is exploring expansion into new markets, particularly in European cities, with a targeted approach set for the next 18 months, aligning with its growth objectives.

## Funding rounds

- Series A, Dec 27, 2019, $6M — Crescent Enterprises, Middle East Venture Partners, Wamda Capital, Enabling Future, Dubai Angel Investors, Liil Ventures, March Holding
- Seed, May 1, 2018, $0.5M — Crescent Enterprises, Middle East Venture Partners, Hedef Filo
- Seed, Jun 1, 2016, $0.6M — Middle East Venture Partners
- Seed, Jun 1, 2015, $0.2M — Middle East Venture Partners

## Investors

- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Seed, Series A
- Crescent Enterprises — Seed, Series A
- Hedef Filo — Seed
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Series A
- Enabling Future (https://capitalatlas.ai/funds/enabling-future) — Series A
- Dubai Angel Investors (https://capitalatlas.ai/funds/dubai-angel-investors) — Series A
- Liil Ventures (https://capitalatlas.ai/funds/liil-ventures) — Series A
- March Holding (https://capitalatlas.ai/funds/march-holding) — Series A