Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation.
Swvl allows people to share a ride in a van or bus during morning and evening commutes for a fixed flat fare with no surge pricing.
Swvl was founded in 2017 by Ahmed Sabbah, Mahmoud Nouh, & Mostafa Kandil. The company is based in Cairo, Egypt, with operations in 115 cities in 18 countries across Latin America, Europe, Africa, and Asia.
Swvl's differentiated proprietary technology stack features dynamic routing of high capacity vehicles allowing unprecedented vehicle utilization and earnings levels for drivers and massively reduced walk to station distances and prices for riders.
Swvl advances social and economic equity while reducing more than 15 million person-hours congestion. Since its inception, the platform has prevented more than 250 million pounds of Co2 emissions.
Swvl currently has more than 1.4 million riders booking more than 46 million rides to date with thousands of drivers on its platform.
Swvl is backed by BECO Capital, MSA, Endeavor Catalyst, Queen's Gambit, Agility, Vostok New Ventures, VNV Global, Careem, Luxor Capital Group, Chimera Investments, EBRD, and others. The company has raised a total of $196M in funding to date.
Swvl entered into a business combination with Queen’s Gambit Growth Capital, with a fully diluted equity value of $1.5B in Apr 2022. The expected proceeds from the listing total $640M.