Swvl Holdings Corp

SWVL is a global tech startup based in Dubai that provides a semi-private alternative to public transportation for individuals who cannot afford or access private options. The Company has built a parallel mass transit system offering intercity, intracity, B2B and B2G transportation in 10 megacities across Africa, Asia, and the Middle East. SWVL began trading on the Nasdaq on April 1, 2022 following a business combination with the special purpose acquisition company Queen’s Gambit Growth Capital II.

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Swvl Holdings Corp. engages in the provision of mass transit and shared mobility solutions. It provides transportation services through contracting with other service providers or transportation operators. The company was founded on February 8, 2017 and is headquartered in Dubai, United Arab Emirates.

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its  entry into a strategic partnership with City Group Co. KSCP ("City Group"), a leading transport operator and warehousing services provider, through which City Group will utilize Swvl's Software as a Service ("SaaS") offerings in Kuwait. Under the partnership, Swvl and City Group will work to provide the optimal transportation platform for serving Kuwaiti residents, in an effort to simplify their daily lives.

Swvl Adds a New Key Partner, City Group, the Leading Mass Transit Operator in Kuwait, to its SaaS Offering

Lock-Up Extensions apply to approximately 84% of the total number of currently outstanding Swvl shares Founders, SPAC Sponsor and certain Pre-Business Combination Investors have extended lockups to 6 months beyond the original release date (subject to the exceptions therein) A total of 31 extension agreements were executed Follows the announcement of Swvl's further expansion in Latin America and its highest profitability operations TaaS and SaaS with acquisition of Urbvan NEW YORK , July 13, 2022 /PRNewswire/ -- /PRNewswire/ -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that, on July 10, 2022, certain shareholders and directors and/or officers of the Company, including certain of its pre-business combination shareholders and key executives and Queen's Gambit Holdings LLC (collectively, the "Lock-Up Holders"), entered into voluntary extensions to their respective lock-up agreements. Previously these shareholders were subject to Lock-Up Agreements varying from 6 to 12 months after the date of closing of Swvl's business combination on March 31, 2022 (depending on the applicable Lock-Up Holder's beneficial ownership of Class A Ordinary Shares and subject to the exceptions therein).

Swvl's Founders, SPAC Sponsor and Certain Pre-Business Combination Investors Voluntarily Extend Lock-Up Reinforcing Long-Term Commitment

SPAC Queen's Gambit Growth Capital and Swvl have completed their merger valued at approximately $1.5 billion in enterprise value. Swvl operates a smart bus transportation network in numerous cities and regions around the world.

Swvl Seeks Optimization Focus Amid 32% Headcount Reduction Goal

Swvl is implementing a portfolio optimization program to focus on its highest profitability operations, enhance efficiency and reduce central costs Capitalizes on the highest profitability operations TaaS and SaaS which currently have > 500 contracts in > 10 countries generating > $5m revenue per month Builds on recent acquisitions of TaaS and SaaS businesses Viapool, Volt Lines, Shotl and pending acquisition of door2door which improve profitability margins Benefits from a world class engineering and product team and technology stack which allows for scalability and sustainable growth NEW YORK , May 31, 2022 /PRNewswire/ -- Swvl Holdings ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that it is implementing a portfolio optimization program to enhance efficiency and reduce central costs to accelerate its path to profitability to turn cash flow positive in 2023. Transport as a Service (TaaS) business, where Swvl provides technology-enabled transportation for corporates, schools, universities, industrial facilities, airlines and other institutional clients via its asset-light marketplace, and Software as a Service (SaaS) business where Swvl licenses its proprietary technology to transit agencies, bus operators and other high-capacity vehicles fleet owners and users, are both growing rapidly.

Swvl Announces Portfolio Optimization Program to Turn Cash Flow Positive in 2023

Swvl (SWVL) stock is taking off on Thursday as investors react to it acquiring mass transit company Zeelo for an undisclosed amount. The post What Is the Smart Bus News Lifting Swvl (SWVL) Stock Today?

What Is the Smart Bus News Lifting Swvl (SWVL) Stock Today?

Swvl Holdings Corp (NASDAQ: SWVL) shares are surging Thursday after the company announced it entered into a definitive agreement to acquire smart bus platform Zeelo. Swvl said the acquisition will provide the company enhanced scale, strengthen its capabilities and create .

Why Swvl Holdings Stock Is Surging

Expands Swvl's global footprint to 146 cities across 21 countries in 5 continents with contracts with over 490 corporate and institutional customers, to service daily bus journeys for frontline shift-workers, professional office commuters and students Offers compelling financial benefits with profitable operations Provides immediate entry into two strategic developed markets, South Africa and the USA and builds on recent acquisitions of Shotl, and Viapool, and announced acquisitions of Volt Lines and door2door, focused on accelerating Swvl's expansion across established and new markets Swvl and Zeelo share a mission to modernize the way people move by bringing a shared mobility tech solution to mass transport that unlocks economic opportunities and reduces emissions, offering everyday commuters a faster, safer, more affordable and greener mass transit solution NEW YORK , April 28, 2022 /PRNewswire/ -- Swvl Holdings Corp (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced a definitive agreement to acquire Zeelo , the UK's largest smart bus platform and technology scale-up, measured by bookings. Joining forces with Zeelo builds upon Swvl's recent successful acquisitions of Viapool and Shotl, and announced acquisitions of Volt Lines and door2door, and provides a launchpad to rapidly land and expand business operations in three strategic developed markets including the UK, South Africa and the US with Zeelo's seasoned team of over 160 staff across the globe, including 29 software engineers based out of Zeelo's R&D hub in Barcelona.

Swvl Announces Definitive Agreement to Acquire Zeelo to Become a Leading Global Mass Transit Tech Platform by Footprint, Expanding Footprint to USA & South Africa and Increasing Presence in UK

Volt Lines has more than 110 institutional clients including Mondelez, Axa Insurance, Pirelli, CMA-CGM, MetLife and ICBC Adds incremental $4.3m annualized revenue forecasted based upon Q1 2022 results and builds on recent acquisitions of controlling stakes in Shotl and Viapool and pending acquisition of door2door Provides complimentary geographic presence and suite of solutions with forecasted 127% gross revenue CAGR and significant increase in customers since launching in 2018 through the end of 2022 Aligns with Swvl's commitment to providing safe, affordable transportation options, unlocking social, economic, and educational opportunities while reducing emissions NEW YORK , April 25, 2022 /PRNewswire/ -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced a definitive agreement to acquire Volt Lines, a Turkey-based B2B and Transport as a Service mobility business. The acquisition builds on Swvl's recent acquisitions of controlling stakes in Shotl and Viapool, and pending acquisition of door2door.

Swvl Expands Further in Europe with Acquisition of Volt Lines, Turkey's Leading Provider of Tech-Enabled Mass Transit Solutions

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