SWVL, a global provider of transformative tech-enabled mass transit solutions, announced a definitive agreement to acquire Zeelo, the UK’s largest smart bus platform and technology scale-up, measured by bookings. In alignment with Swvl’s mission, Zeelo has a commitment to driving the shift from single-occupancy vehicles to zero-emission mass transit and deploying transportation services to connect […]
Swvl Holdings Corp, a global provider of transformative tech-enabled mass transit solutions, announced a definitive agreement to acquire Volt Lines, a Turkey-based B2B and Transport as a Service mobility business. The acquisition builds on Swvl’s recent acquisitions of controlling stakes in Shotl and Viapool, and pending acquisition of door2door. The closing of the transaction is […]
Swvl raised an estimate of $640 million from investment companies and venture capital funds, the company’s Chief Financial Officer (CFO) Youssef Salem told Al Mal News. Salem noted that the company is planning to expand in three new countries over the coming six months, adding that the countries are the US, South Africa, and the […]
Swvl, a Dubai-based global provider of transformative tech-enabled mass transit solutions, announced a definitive agreement to acquire door2door, a European high-growth mobility platform providing software for on-demand mobility, multimodal routing and mobility analytics. Founded in 2012 with the mission of making cities smarter, door2door has developed a leading proprietary MaaS software platform that can be […]
Egypt’s digital financial services platform Paynas and Dubai-based ride-sharing company Swvl entered into a partnership for financial services on a revenue-sharing model, according to a press release. Under their agreement, Paynas will issue Visa-powered Paynas cards to Swvl’s registered captains, in collaboration with Banque Misr. Paynas will also give Swvl’s captains access to financial and […]
Dubai-based transport startup Swvl has agreed to buy Shotl, an Uber-like service for bus and van operators that caters to municipalities, corporations and educational institutions, according to a source. Founded in Egypt in 2017, Swvl also operates a digital platform that allows passengers to reserve and pay for rides with bus operators along fixed routes. […]
Middle East-based ride-sharing technology startup Swvl Inc. is nearing a deal to go public via a merger with a special-purpose acquisition company, according to people familiar with the matter. Dubai-based Swvl plans to merge with Queen’s Gambit Growth Capital in a deal that values the company at roughly $1.5 billion, the people said. Swvl was […]
