Kolors

Maniv Announces Third Early-stage Venture Fund of $140m to Accelerate the Decarbonization and Digitization of Global Transportation

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Other Natural Resources, Logistics, Supply Chain Management, Mining, Minerals, Sustainability, Other Automotive, Public Policy, Government, Natural Resources, Other Manufacturing, Fleet Management, Other Defense, Other Energy, Automotive, Manufacturing, Alternative Energy, Energy, Other Transport, Trucking, Transport, Other Technology, Fintech, Defense, Environment, Food, Beverage, Technology, Retail, Business, Other Professional Services, State, Local, Finance, EV, Shell, Bipi Island, GHG, Jaguar Land Rover, General partnership, Circular, Ferrovial, WEX, AI, Insurance, Kolors, Private sector, Enterprise mobility management, BNP Paribas, Investment, Plastic, Atmosphere, Valeo, Movement, Paulo, Toyota, ITT Inc., Silicon, RCI Banque, Renewable energy

Investing since 2016, Maniv was among the first institutional investors to articulate a global, early-stage investment strategy focused on the intersection between mobility, transportation and energy.

Key Points: 
  • Investing since 2016, Maniv was among the first institutional investors to articulate a global, early-stage investment strategy focused on the intersection between mobility, transportation and energy.
  • Simultaneously, the market-driven decarbonization of transportation – representing as much as one quarter of global GHG emissions – is at an inflection point.
  • Maniv’s third fund is backed by institutional capital, high-net-worth individuals, and a consortium of industry leaders at the forefront of the transportation sector.
  • “Our third fund builds on two decades in the trenches of the global mobility ecosystem,” said Michael Granoff, the firm’s Managing Partner.

Swvl Sells one of its Subsidiaries, Urbvan, to Kolors, To Leverage Sale Proceeds for Enhanced Strategic Expansion

Retrieved on: 
Wednesday, September 13, 2023
SWVL, Sale, Government, Acquisition, Kolors, Swvl

Swvl acquired Urbvan in July 2022 in an all-share acquisition, and the sale of Urbvan to Kolors is comprised entirely of cash.

Key Points: 
  • Swvl acquired Urbvan in July 2022 in an all-share acquisition, and the sale of Urbvan to Kolors is comprised entirely of cash.
  • 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.
  • Mostafa Kandil, CEO of Swvl, said, “The sale of Urbvan to Kolors is a step in our strategic vision for profitable growth.
  • This acquisition strategically positions Kolors to tap into Urbvan’s competencies and experience, offering advanced transport solutions to corporate clients and urban commuters.

Kolors Accelerates Its Digital Mass Mobility Leadership Position in Mexico with the Strategic Acquisition of SWVL's Urbvan, Allowing Kolors to Take Full Advantage of the Nearshoring Opportunity Through Its Asset-Light Model, Tech, Data, and Passenger Expe

Retrieved on: 
Wednesday, September 13, 2023
CPG, MEXICO, Ecosystem, Growth, Transport, Acquisition, SWVL, Cross-promotion, Education, UBER, Kolors

This strategic acquisition positions Kolors to capitalize on the high-growth Mexican nearshoring opportunity and expand into the $40B global corporate personnel transportation market, alongside the already existing $100B intercity bus market Kolors serves.

Key Points: 
  • This strategic acquisition positions Kolors to capitalize on the high-growth Mexican nearshoring opportunity and expand into the $40B global corporate personnel transportation market, alongside the already existing $100B intercity bus market Kolors serves.
  • Through Kolors' asset-light model, the company partners with small and medium fleet operators while utilizing airline-style tech and a data-driven approach to provide the best passenger experience in ground mass transportation.
  • "This acquisition turbocharges our growth and cements our leadership in next-generation ground mass mobility solutions," said Kolors co-founders Rodrigo Martinez and Anca Gardea.
  • The company aims to transform ground mass mobility globally through its innovative technology platform and complementary service offerings.

Kolors Announces $26 Million in Funding to Transform Intercity Bus Networks Through Technology & Data

Retrieved on: 
Friday, June 3, 2022
ARK, WI-FI, Ark Invest, UP, Michael Arrington, Marketing, Snack, Transport, Mark (given name), MVG, LinkedIn, Alaska Airlines, CEO, Partnership, Travel, Capital, Ecosystem, U.S. Department of Defense Strategy for Operating in Cyberspace, Solution, Sale, Growth, Program, U.S. Department of Energy, Office of Inspector General, Technology, Twitter, Industry, Efficiency, Arm, Carbon, LATAM, Safety, Rail transport, Online shopping, Kolors

HOUSTON, June 3, 2022 /PRNewswire/ -- Kolors, a technology and data-driven intercity bus network company, today announced $26 million in funding including a $20 million Series A financing round led by UP.Partners with participation from Toyota Ventures, Maniv Mobility, K5 Global, Mazapil, alongside existing investors Tuesday Capital, Garret Camp's Expa, Chris Sacca's Lowercase, Moving Capital, MVG, Brainstorm Ventures, Bling Capital and Amplifica. The funding will further accelerate expansion in Mexico, expand to new Latin American markets and enable cross-border US travel.

Key Points: 
  • Kolors, a tech and data-driven intercity bus network, announced $26 million in funding led by UP.Partners and others.
  • Kolors through its "smart-bus-platform"; a combination of airline and ridesharing style technology, runs and optimizes its intercity bus network while delivering the best passenger experience through the introduction of bus attendants superpowered by technology.
  • "There's a huge opportunity to advance intercity bus travel with higher efficiency, cleaner energy , and superior passenger experience.
  • "As a third-generation bus operator, I know intercity bus travel is the lifeblood of LATAM," said Rodrigo Martnez, Founder and CEO of Kolors.

UP.Partners Promotes Ally Warson to Partner; Announces Two Additions to its Team

Retrieved on: 
Thursday, June 2, 2022
ARK, Woman, Mobility, Leadership, Ark Invest, UP, Walmart, Silicon Graphics, LinkedIn, Alaska Airlines, Ally, Silicon, Postmates, Investment, Etsy, Kolors, Apple Inc., Lightspeed Venture Partners, Growth, Off the record, Yahoo!, Arm, Atmosphere, Twitter, Water, Hewlett-Packard, Engineering, Grosser, Whipsaw, Management, Renewable energy, Google, Twilio

SANTA MONICA, Calif., June 2, 2022 /PRNewswire/ -- UP.Partners, which in 2021 announced the close of its inaugural $230M transportation technology-focused venture fund, today announced Ally Warson's promotion to partner and the appointment of two additional members to its team. Joshua Schachter has joined as Venture Partner and Bob Riccomini as Design Partner.

Key Points: 
  • Ally Warson joined UP.Partners as a Senior Associate in September 2020 and was promoted to Principal in May 2021.
  • Ally has quickly become a rising star in venture capital, having led investments in UP.Partners portfolio companies Kolors, Lula, Quincus, and Veo.
  • "We are exceptionally inspired by Ally's rapid growth as an investor," said Adam Grosser, Chairman & Managing Partner of UP.Partners.
  • "Our goal is to build a multigenerational firm and we are eager to reward talented contributors like Ally with greater opportunity and responsibility."