Following the announcement of Modanisa’s and Mobilotoservis’ new rounds earlier this week, I apologize for sharing yet another funding announcement. However, several of our startups have been active fundraising and the announcement of their rounds came back to back.
Volt, an inner city ridesharing startup for Istanbul where we’re investors, recently announced a new funding round led by existing investor Middle East Venture Partners (MEVP) with Saned Partners also participating.
Volt plans to use the round’s proceeds to attract passengers and attract and retain drivers on its marketplace. It will begin rolling out its promotional campaigns with these end goals in mind at the beginning of December.
We welcome MEVP’s follow-up and Saned Partners’ new investment in the company, and look forward to seeing more Volt rides on the streets of Istanbul from December onwards.
Also published on Medium.