Swvl is a global provider of transformative tech-enabled mass transit solutions, catering to challenging and complex emerging markets across Latin America, Europe, Africa, and Asia. With a focus on enhancing mass transit safety, reliability, and convenience, Swvl has positioned itself to capitalize on the $1tn global mass transit market. The company's proprietary technology enables dynamic routing of high-capacity vehicles, leading to unprecedented vehicle utilization and earnings for drivers, as well as reduced walk-to-station distances and prices for riders.
Having achieved exponential growth with a 430% annual gross revenue growth over the past four years, Swvl has facilitated more than 75 million rides for over 2 million riders, with 20 thousand drivers on its platform. Notably, its Transportation as a Service (TaaS) offerings have experienced a 4x increase in gross revenue per client with over 100% revenue retention over the past two years. The recent acquisitions of Shotl and Viapool have enabled Swvl's rapid geographic expansion, including its launch into Europe and Latin America ahead of schedule.
The company's recent business combination with Queen’s Gambit Growth Capital resulted in an implied fully diluted equity value of $1.5bn, marking Swvl as the first $1bn+ unicorn from the region to list on NASDAQ and the first mass transit solutions company on any exchange. The PIPE investment of $122.5m, including pre-funding of $65.5m, has been instrumental in accelerating Swvl’s growth plans, led by strategic and financial investors such as Agility, Luxor Capital, Zain, EBRD, and Chimera.
Founded in 2017, Swvl not only focuses on financial success but also advances social and economic equity while significantly reducing congestion and CO2 emissions. Its innovative approach and rapid global expansion make it an exciting prospect for investors seeking exposure to the intersection of technology and transportation in emerging markets.
