Uklon has launched a "Travel" service in its app for purchasing domestic and international bus tickets.
Quiver AI Summary
Kyivstar Group Ltd, the parent company of Ukraine's leading digital operator, JSC Kyivstar, has announced the launch of a new "Travel" service within its Uklon mobile app, allowing users to buy bus tickets for domestic and international routes directly. This marks a shift for Uklon from a focused ride-hailing service to a broader ecosystem that includes additional services like courier delivery and advertising. The service aims to streamline travel planning, especially as air travel is limited and rail services are under strain. Uklon CEO Serhii Hryshkov emphasized the goal of creating a unified platform for users to manage their transportation needs easily. Kyivstar plans to invest $1 billion in Ukraine from 2023 to 2027 to enhance its digital services and infrastructure.
Potential Positives
- Kyivstar Group's subsidiary, Uklon, is expanding its service offerings with the launch of the new "Travel" service, enhancing its digital ecosystem and increasing user engagement.
- The "Travel" service integrates bus ticket purchasing directly into the Uklon app, providing a seamless experience for users and positioning Uklon as a comprehensive mobility solution.
- The company is responding to market demands and needs, reflecting adaptability and innovation within the current challenges of the transportation sector.
- Kyivstar plans to invest USD 1 billion in Ukraine from 2023-2027, indicating strong commitment to growth and development in the region despite current economic challenges.
Potential Negatives
- The press release includes a disclaimer about "forward-looking statements," indicating potential risks and uncertainties associated with the launch of the new "Travel" service, which could negatively impact investor sentiment.
- The mention of "risks and uncertainties" that could cause actual results to differ from those expressed in the press release highlights a lack of guaranteed success for the new service, potentially undermining confidence in the company's expansion strategy.
- The emphasis on the current unavailability of air travel and strain on the railway system may suggest a limited market opportunity, raising concerns about the business environment and the long-term viability of the service.
FAQ
What is the new "Travel" service launched by Uklon?
The "Travel" service allows users to purchase domestic and international bus tickets directly within the Uklon mobile app.
How does the "Travel" service integrate with the Uklon app?
The "Travel" service is integrated on the main screen of the Uklon app, providing a familiar user experience.
What motivated Uklon to launch the "Travel" service?
The demand for seasonal routes, such as the Ski Bus to Bukovel, and current travel limitations inspired Uklon to enhance their offerings.
How many cities does Uklon serve with its ride-hailing and travel services?
As of March 2026, Uklon operates in 27 cities in Ukraine and at the Bukovel tourist complex.
What future investments does Kyivstar Group plan?
Kyivstar Group plans to invest USD 1 billion in Ukraine from 2023 to 2027 for infrastructure and technological development.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
KYIV, Ukraine and NEW YORK, March 25, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd (Nasdaq: KYIV; KYIVW), the parent company of JSC Kyivstar, Ukraine's leading digital operator and part of VEON Group (Nasdaq: VEON), today announced its subsidiary Uklon, the largest ride-hailing firm in Ukraine, has launched its new "Travel" service in the Uklon mobile application. Users can now purchase tickets for domestic and international bus routes directly in the Uklon app without the need for third-party platform solutions.
The launch of the beta version of the service continues Uklon's transformation from a singular-product company into a diverse ecosystem of products and services, including ride-hailing, courier delivery through Uklon Delivery and its advertising platform, Uklon Ads. With "Travel" Uklon expands its portfolio of mobility and travel services to meet a variety of user needs: from daily movement within the city and suburbs via the ride-hailing service, to purchasing bus tickets for intercity and international routes.
"The launch of ‘Travel’ is our next step in building the Uklon ecosystem, where our products and services are present in various aspects of users' lives,” commented Serhii Hryshkov, CEO of Uklon. “For three years, our seasonal Ski Bus to Bukovel route demonstrated consistently high demand, which encouraged us to scale the service. Today, with air travel currently unavailable and the strain on the railway system increasing, we are creating a single entry point for planning trips. Our goal is simple: to provide users with the opportunity to buy a bus ticket across Ukraine or to Europe in the same familiar app they use to order a ride".
The “ Travel ” service is integrated directly into the main screen of the Uklon app, making the experience instantly familiar for users. Finding a route requires only choosing the departure city, destination, and date — after which the app automatically displays available carrier options.
About Kyivstar Group Ltd.
Kyivstar Group Ltd. (“Kyivstar”) is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to list on a U.S. stock exchange. Kyivstar’s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity.
Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine between 2023-2027, through investments in infrastructure, technological development and strategic acquisitions, as well as charitable donations for social projects.
For more information, please visit
https://investors.kyivstar.ua
.
Nasdaq tickers: KYIV; KYIVW
About JSC Kyivstar
JSC Kyivstar is Ukraine’s leading digital operator, serving more than 22.4 million mobile customers and over 1.2 million home internet fixed line customers as of December 31, 2025. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more. JSC Kyivstar is advancing new telecommunication technologies in Ukraine and together with VEON plans to invest USD 1 billion in this direction during 2023-2027.
JSC Kyivstar is wholly owned by Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), whose shares traded on the U.S. stock exchange Nasdaq.
The company contributes to overcoming the challenges of wartime and, over the past three years, has allocated over UAH 4.4 billion to support the Defense Forces, its subscribers, and the implementation of social projects. JSC Kyivstar has operated in Ukraine for 28 years and is recognized as the largest taxpayer in the digital communications market, a top employer, and a socially responsible company.
Additional information: [email protected] , www.kyivstar.ua .
About Uklon
Uklon is a product-based IT service company that developed the eponymous ridehailing service. Founded in Kyiv in 2010, Uklon is one of the leaders in the ride-hailing market in Ukraine. The company's digital service ecosystem includes Uklon Delivery (delivery service) and the Uklon Ads advertising platform. As of March 2026, the Uklon service is present in 27 cities in Ukraine and on the territory of the Bukovel tourist complex. The company also operates in Tashkent, Uzbekistan.
Disclaimer
This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to, among other things, the launch of the new "Travel" service in the Uklon mobile application. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the launch of the new "Travel" service in the Uklon mobile application, among others discussed in the section entitled “Risk Factors” included in Kyivstar Group’s 2025 Form 20-F filed with the U.S. Securities and exchange Commission (“SEC”) on March 16, 2026, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar Group. The forward-looking statements contained herein speak only as of the date of this release and Kyivstar disclaims any obligation to update them, except as required by applicable laws.