EGYPT – Swvl, an Egyptian ridehailing startup, has announced a partnership with various Egyptian banks to fund the provision of 14-passenger vehicles to independent drivers working on Swvl’s unfixed transportation routes. This would help young people earn more money while also supporting the state’s efforts in this area. It will also help the transportation sector, which is expanding rapidly. Swvl’s…
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EGYPT – Swvl, an Egyptian bus-hailing startup, has achieved pre-funding of the total PIPE subscription of US$35.5 million, to accelerate Swvl’s expansion and increase its investment in its patented technological platform. The purchase has been pre-funded by a number of investors, including Agility and Chimera Abu Dhabi. Swvl’s proposed business merger with Queens Gambit Growth Capital is the reason for…
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EGYPT – Swvl, an Egyptian bus-hailing startup, has acquired a controlling stake in Shotl, a Spanish mass transit platform that partners with municipalities and corporations to provide on-demand bus and van services across Europe, LATAM, and APAC. With a presence in 22 cities across 10 countries, including Brazil, Japan, and a pan-European footprint1, over 350,000 bookings to date, more than…
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EGYPT – Concordium, a leading blockchain technology company, and Swvl, Inc., a provider of mass transit and shared mobility solutions, have announced a strategic agreement to construct revolutionary next generation mass transport systems for the first time. Concordium will provide a blockchain-based technological platform with the goal of improving Swvl’s customers’ mass transit travel experience. The platform is designed to…
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EGYPT – Dubai-based mobility company Swvl has announced plans to go public through a reverse merger with Queen’s Gambit Growth Capital, a special purpose acquisition company (SPAC). Queen’s Gambit Growth Capital was created earlier this year by a team of female executives (which claims to be the first women-led SPAC). Its CEO Victoria Grace is the founder of New York-based…
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EGYPT – SWVL, an Egyptian bus-hailing startup, has launched its operations in Riyadh, Saudi Arabia, its fourth market since it was founded in 2017. The startup is already present in Kenya, Pakistan as well as Egypt. In Riyadh, Saudi Arabia’s capital and main financial hub with a population of close to 8 million, Swvl will join forces with other competitors…
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KENYA – SWVL, a bus transportation network company, has appointed former Uber Kenya Country Manager Dip Patel to lead its local operations, tapping into his experience in the segment. Dip takes over ranks from Sivachi Muleji who resigned from the role at the end of January having served on the top seat since May 2019. Mr Patel joins the company…
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KENYA – SWVL, a digital app bus transportation network company is now seeking upcountry rides in a revamp of strategy which leverages on the company’s presence in the Nairobi Central Business District, reports The Citizen. Bus-hailing service SWVL has set its sights on operations between Nairobi and other towns even as the firm remains embroiled in a spiky regulatory hurdle.…
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AFRICA – SWVL, Egyptian start-up app-based shuttle service. plans to focus its expansion to other cities in Africa, including Lagos and Johannesburg, reports Kenyan Wall Street. The bus hailing company will use Nairobi as a launchpad to extend to other cities in Africa. This will allow the company to provide reliable, convenient, and affordable public transport across the continent. SWVL…
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KENYA – Egyptian ride hailing firm, SWVL has unveiled plans of investing US$15 million in improving its current operations and scaling up the business into new routes across Kenya. The firm which entered the country in January this year with four routes on a pilot basis, has so far built a network of 150 buses running along 55 routes with…
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