VEON’s Kyivstar to Expand Digital Mobility Ecosystem with Acquisition of E-wings by Uklon

Rhea-AI Summary

VEON (Nasdaq: VEON), parent of Kyivstar, announced that Kyivstar’s ride-hailing partner Uklon signed a definitive deal to acquire 100% of electric scooter operator E-wings for UAH 97.6 million (about USD 2.2 million).

The acquisition adds micromobility to Uklon’s multimodal platform, which already offers ride-hailing, delivery, ads and travel. E-wings operates around 3,000 scooters in 11 Ukrainian cities. Closing is expected in Q3 2026, subject to customary conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Uklon to acquire E-wings for UAH 97.6 million (~USD 2.2 million)
• Adds micromobility to Uklon’s multimodal mobility platform
• Access to E-wings’ fleet of ~3,000 scooters in 11 cities
• Supports Kyivstar’s broader digital ecosystem and autonomous mobility initiatives

Negative

• Transaction requires UAH 97.6 million cash consideration
• Deal closing remains pending, expected in Q3 2026 subject to conditions

News Market Reaction – VEON

-0.25%

-0.25% News Effect

On the day this news was published, VEON declined 0.25%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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
pr@veon.com 

FAQ

What did VEON (NASDAQ: VEON) announce about Uklon’s acquisition of E-wings on June 5, 2026?

VEON announced that Uklon signed a definitive agreement to acquire 100% of electric scooter operator E-wings. According to VEON, this move will expand Uklon’s platform from ride-hailing into a broader multimodal mobility ecosystem across ride-hailing, delivery, travel and micromobility.

How much is Uklon paying to acquire E-wings and what stake is being bought?

Uklon is paying UAH 97.6 million, approximately USD 2.2 million, to acquire 100% of E-wings’ shares. According to VEON, the deal includes E-wings’ intellectual property, assets, operating agreements and key team members under a definitive agreement signed June 5, 2026.

When is the Uklon acquisition of E-wings expected to close and what conditions apply?

The E-wings acquisition by Uklon is expected to complete in the third quarter of 2026. According to VEON, closing is subject to customary closing conditions, meaning investors should note that integration benefits will only follow once the transaction is formally completed.

How will the E-wings acquisition change Uklon’s mobility offering for Kyivstar and VEON users?

The acquisition will add electric scooters, creating a multimodal mobility platform that includes ride-hailing, delivery, ticketing and micromobility. According to VEON, Uklon users are expected to access scooter rides directly through the Uklon interface, supporting seamless, low-emission urban transport options across Ukraine.

What scale of micromobility network does E-wings bring to Uklon and Kyivstar’s ecosystem?

E-wings brings a connected fleet of about 3,000 electric scooters operating in 11 Ukrainian cities. According to VEON, integrating this network into Uklon should enhance urban mobility coverage and broaden Kyivstar’s digital ecosystem focused on essential, sustainable everyday transportation services.

How does the E-wings deal relate to Kyivstar’s earlier acquisition of Uklon in 2025?

The E-wings acquisition builds on Kyivstar’s purchase of Uklon in April 2025, deepening its mobility focus. According to VEON, Uklon is also running Ukraine’s first live autonomous vehicle testing program, positioning the platform as a key operating partner in autonomous mobility and robotaxi services.