Swvl’s Founders, SPAC Sponsor and Certain Pre-Business Combination Investors Voluntarily Extend Lock-Up Reinforcing Long-Term Commitment
Lock-Up Extensions apply to approximately 84% of the total number of currently outstanding Swvl shares
News
Swvl Expands into Mexico with Acquisition of Mass Transit Tech Platform Urbvan
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 Completes Business Combination with Queen’s Gambit Growth Capital
Swvl ordinary shares and warrants expected to begin trading on NASDAQ tomorrow under the symbols “SWVL” and “SWVLW,” respectively
Swvl and Moove Partner to Rollout EV Buses
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
Swvl Expands Into Central Europe via Acquisition of Mass Transit SaaS Platform Door2Door
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
Swvl delivers another exceptional set of results beating estimates for the second quarter in a row in Q4 2021 and again in early Q1 2022
Average ticket fare of $1.68 for the fourth quarter and $1.70 for full-year 2021, an increase of 9% year-over-year.
Swvl Further Strengthens Technology Leadership with Additions of Nami Mufti (Ex-Spotify Head of Security), Uriel Jaroslawski (Ex-Quicko CPO & CTO), Andrii Dzynia (Ex-SmartBear Director of Engineering), Martijn Pieters (Ex-Facebook Senior Engineer), and Haroon Rasheed (Ex-Glovo Engineering Manager)
Names Heads of Security, B2C, B2B and Site Reliability Engineering and Principal Engineerز Collectively bring more than 85 years of experience across cyber risk management, software development and product engineering and management
Meeting of Queen’s Gambit Growth Capital Shareholders to Approve Business Combination with Swvl Scheduled for March 30, 2022
Queen’s Gambit Growth Capital and Swvl announce effectiveness of F-4 registration statement Upon closing, the combined company’s Class A ordinary shares and warrants are expected to be listed on NASDAQ under the ticker symbols “SWVL” and “SWVLW”, respectively
Swvl Commits Significant Foreign Direct Investment to Argentina to Improve Mass Transit Across The Country
$15 million initial investment expected to generate thousands of jobs and self-employment opportunities over the next 3+ years and further develop Swvl’s R&D capabilities
Swvl Strengthen Senior Leadership with Juan Batiz (Ex-Facebook Head of Public Policy Latam), Enrique Gonzalez (Ex-Uber Associate General Counsel Latam), and Leandro Aliseda (Ex-Via Country Manager Latam and Portugal)
ames Global Head of Policy, Global Head of Legal and Head of LatAm Public Sector. Each brings more than 20 years of experience across public policy, law, and public sector mobility and technology