15 Facts About Swvl

Swvl is an Dubai-based provider of tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation products and services.

Swvl operates in 135 cities in 20 countries across Latin America, Europe, Africa and Asia.

Swvl went public in March 2022 and is traded on the Nasdaq stock exchange under the ticker SWVL.

Swvl began developing an app to address traffic congestion in Cairo, but then switched to developing it as a platform for booking cheap bus trips in the city.

In 2018, Swvl closed its Series A and Series B rounds of funding.

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In early 2019, Swvl expanded into Kenya, where it partnered with BRCK to provide free wifi on its buses.

In October 2019, Swvl was temporarily banned in Kenya along with other bus-hailing apps due to regulatory issues.

In July 2021, Swvl signed a merger deal with the special purpose acquisition company Queen's Gambit Growth Capital, the first SPAC led entirely by women.

Shortly after the SPAC merger announcement, Swvl made a number of acquisitions, expanding into Europe and Latin America.

In November 2021, Swvl acquired ViaPool, a private-public hybrid mass transit company with operations in Argentina and Chile.

In March 2022, Swvl acquired Door2door, a Berlin-based software company that licenses its technology to cities, transport companies and private providers in ten European countries.

Swvl was founded by Mostafa Kandil, Mahmoud Nouh and Ahmed Sabbah in 2017.

Swvl then worked for ride-sharing company Careem, which is a subsidiary of Uber.

Swvl is an Adjunct Professor of Practice at the American University in Cairo.

Swvl provides ridepooling services with a focus on mass transit.