Uklon acquires E-wings, enhancing its mobility platform with electric scooters for an integrated transport ecosystem.
Quiver AI Summary
VEON Ltd. announced that Uklon, Ukraine's leading ride-hailing platform, will transition into a multimodal mobility platform by acquiring electric scooter operator E-wings for approximately USD 2.2 million. This acquisition, aimed at enhancing Uklon's services, will integrate electric scooters into its existing offerings, which include ride-hailing, delivery, and travel, allowing users to access these services through a single interface. The deal is part of a broader strategy following Kyivstar's acquisition of Uklon in April 2025 and aims to create a comprehensive mobility ecosystem that addresses various transportation needs while promoting sustainable urban mobility. The transaction is expected to finalize in the third quarter of 2026, pending customary conditions.
Potential Positives
- Uklon expands its service offerings by acquiring E-wings, integrating electric scooters into its platform, thereby enhancing its multimodal mobility ecosystem.
- The acquisition supports sustainable urban transport by adding low-emission transport options, aligning with global trends towards environmentally-friendly transportation solutions.
- The transaction positions Uklon as a more competitive player in the mobility sector, offering customers a seamless multi-modal transport solution that includes ride-hailing, scooters, delivery, and ticketing.
- With a connected fleet of approximately 3,000 electric scooters, E-wings' integration is expected to increase user engagement and broaden Uklon's customer base across Ukraine.
Potential Negatives
- Acquiring E-wings for UAH 97.6 million raises concerns about financial viability, especially given that the company operates in a volatile market and any mismanagement could lead to significant losses.
- The integration of E-wings into Uklon's platform may present operational challenges, risking the efficiency and customer satisfaction levels if not executed smoothly.
- The reliance on forward-looking statements indicates potential uncertainties and risks regarding the success of the acquisition and its impact on Uklon's overall business strategy.
FAQ
What is the recent acquisition by Uklon?
Uklon has acquired 100% of the electric scooter operator E-wings for UAH 97.6 million, expanding its mobility services.
How will Uklon's platform change after the acquisition?
The acquisition will add electric scooters to Uklon’s services, creating a multimodal mobility platform for various transportation needs.
When is the acquisition of E-wings expected to complete?
The transaction is expected to complete in the third quarter of 2026, subject to customary closing conditions.
What services does Uklon currently offer?
Uklon currently offers ride-hailing, Uklon Delivery, Uklon Ads, and Uklon Travel, now adding electric scooters to this mix.
Where does E-wings operate in Ukraine?
E-wings operates in 11 cities across Ukraine with a fleet of approximately 3,000 electric scooters.
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.
$VEON Hedge Fund Activity
We have seen 42 institutional investors add shares of $VEON stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VR ADVISORY SERVICES LTD added 293,481 shares (+293.0%) to their portfolio in Q1 2026, for an estimated $13,588,170
- HELIKON INVESTMENTS LTD removed 168,416 shares (-32.8%) from their portfolio in Q4 2025, for an estimated $8,853,629
- MORGAN STANLEY added 111,685 shares (+17.0%) to their portfolio in Q1 2026, for an estimated $5,171,015
- MILLENNIUM MANAGEMENT LLC removed 108,862 shares (-79.6%) from their portfolio in Q1 2026, for an estimated $5,040,310
- PICTET ASSET MANAGEMENT HOLDING SA removed 63,956 shares (-28.3%) from their portfolio in Q1 2026, for an estimated $2,961,162
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND removed 54,427 shares (-99.0%) from their portfolio in Q1 2026, for an estimated $2,519,970
- PANVIEW CAPITAL LTD added 42,685 shares (+8.3%) to their portfolio in Q1 2026, for an estimated $1,976,315
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
Acquisition adds electric scooters to Uklon’s platform, supporting a multimodal mobility ecosystem across ride-hailing, delivery, travel and autonomous mobility
Kyiv, Dubai and New York, June 5, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator and the parent company of Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), today announced that Uklon, Ukraine’s leading ride-hailing platform and part of Kyivstar’s digital ecosystem, is evolving from a ride-hailing service into a multimodal mobility platform by adding electric scooter operator E-wings. Uklon has signed a definitive agreement to acquire 100% of the shares of E-wings for UAH 97.6 million (approximately USD 2.2 million).
Uklon’s platform currently encompasses ride-hailing, Uklon Delivery, Uklon Ads, and Uklon Travel. The planned acquisition adds micromobility to this offering, bringing together ride-hailing, scooters, delivery and ticketing within a single interface. Following integration, Uklon users are expected to access scooter rides directly through the Uklon interface.
This transaction builds on Kyivstar’s acquisition of Uklon in April 2025 and Uklon’s recent launch of Ukraine’s first live autonomous vehicle testing program, reinforcing its role as a leading operating partner in Ukraine’s developing autonomous mobility and robotaxi market. Combined with its ride-hailing and micromobility services, Uklon is building an integrated mobility ecosystem that serves customers across the full spectrum of transportation needs—from last-mile trips to intercity and international travel.
“Kyivstar is building a digital ecosystem around essential everyday services. By adding E-wings to Uklon, we are expanding from connectivity into digital services that improve lives, support sustainable urban mobility, and create economic value in Ukraine,” said Kaan Terzioğlu, Chief Executive Officer of VEON .
Founded in Lviv, E-wings operates in 11 cities across Ukraine, with a connected fleet of approximately 3,000 electric scooters. Its integration into Uklon will enable seamless multi-modal transport options, enhancing urban mobility while expanding low-emission, sustainable urban transport.
Transaction Details
Under the definitive agreement, Uklon will acquire 100% of the shares of E-wings, including its intellectual property, assets, operating agreements and key team members. The agreement was signed on June 5, 2026, and the transaction is expected to complete in the third quarter of 2026, subject to customary closing conditions.
About VEON
VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity and more than 228 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit:
https://www.veon.com
.
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. For more information, please visit
https://investors.kyivstar.ua
.
About Uklon
Uklon is a technology company that developed the eponymous ride-hailing platform. 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), Uklon Ads (advertising platform), and Uklon Travel (trips). As of March 2026, the Uklon services are available in 27 cities in Ukraine and on the territory of the Bukovel tourist complex. The company also operates in Tashkent, Uzbekistan.
Forward-Looking Statements
This 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, including in relation to VEON’s digital operator strategy, the completion of the pending acquisition of E-wings by Uklon, satisfaction of the closing conditions and the ability to successfully integrate E-wings’ operations into the Uklon platform and the Kyivstar digital ecosystem.
Contact Information
VEON media contact
[email protected]
