Mostafa Kandil, Swvl Founder and CEO, said, “We greatly appreciate that many highly regarded global investors have clear confidence in our growth strategy. With this immediate infusion of growth capital, we are even better positioned to bring our transformative daily commuting, inter-city retail travel, and TaaS offerings to new markets. Every day we are also advancing our mission.”

Our two companies share the view that there is an urgent need to transform traditional public transportation to make it more accessible, convenient and sustainable. Shotl’s vision for the future of mobility, is exactly what Swvl has already achieved in ten emerging market megacities and the reinvented model for public transit systems across the world” said Mostafa Kandil, Swvl CEO.

Company’s proprietary mobility solutions, powered by cutting-edge technology, are helping to solve mass transit supply and demand challenges in unchartered, emerging markets – empowering massively underserved communities with transportation solutions that are reliable , safe and affordable.