News

If all the warrants are exercised for cash, the Company will receive an additional $30 million in gross proceeds

today announced its entry into a strategic partnership with City Group Co. KSCP (“City Group”), a leading transport operator and warehousing services provider

Last week, Keir Starmer, UK’s Leader of the Labour Party and David Lammy, Shadow Secretary of State for Foreign, Commonwealth and Development Affairs, visited the Berlin-based transit-tech startup door2door.

Swvl today announced that door2door – a Swvl company, Swvl’s Germany- based high-growth mobility platform, launched a new concept of fully electric on-demand shuttles, that was used to transport 2,500 media representatives to and from the G7 Summit, hosted in Elmau, Germany.

Lock-Up Extensions apply to approximately 84% of the total number of currently outstanding Swvl shares

Expands Swvl’s revenues from highest profitability operations TaaS and SaaS to > $7m revenue per month from > 500 contracts in > 20 countries in alignment with Swvl’s portfolio optimization program to turn cash flow positive in 2023

Swvl ordinary shares and warrants expected to begin trading on NASDAQ tomorrow under the symbols “SWVL” and “SWVLW,” respectively

Rollout of electric vehicles further enhances Swvl’s efforts to cut emissions by maximizing vehicle sharing Provides mobility entrepreneurs the opportunity to own their vehicles and maximize their earnings

Largest privately owned Mobility-as-a-Service (“MaaS”) platform based in Germany with 24% market share in Germany, > 70 deployments in 10 European countries, approximately $2.8 million revenue in 2021 and approximately $7 million pipeline

Average ticket fare of $1.68 for the fourth quarter and $1.70 for full-year 2021, an increase of 9% year-over-year.