Swvl

Swvl, founded in 2017 and headquartered in the United Arab Emirates, is fast emerging as a leader in the global mobility sector. With its slogan, “Next-Gen Mobility Solutions”, the company offers transformative tech-driven mass transit solutions to enhance safety, reliability, and convenience across some of the world's most complex markets.

Currently operating in 115 cities across 18 countries including regions in Latin America, Europe, Africa, and Asia, Swvl leverages a unique technology stack for dynamic high-capacity vehicle routing. This technological edge has enabled the company to rapidly expand and increase revenue substantially, with a 430% annual gross revenue growth over four years.

With more than 75 million rides booked and expanding TaaS offerings, Swvl has shown >100% revenue retention. Recent strategic acquisitions have accelerated its launch into Europe and Latin America.

Swvl has become a notable market contender as the first mass transit solutions company listed on NASDAQ, valued at $1.5bn. It secured a significant upsized PIPE investment of $122.5m to fuel further growth, with backing from investors like Agility and Luxor Capital.