Delivers 3.6x quarter on quarter growth, 83% utilization and 500k active users Swvl’s most mature market hits 92% utilization, 31% gross margin and -2.9% net margin. Raises FY2022 guidance by ~10% to $155m with opportunities for further substantial growth
Swvl’s ESG strategy addresses fundamental challenges with mobility solutions that have saved 245m pounds of CO2 emission, reduced ~14.4m person-hour of congestion, and generated income for ~17,000 micro-entrepreneurs
Strategic and financial investors, including Agility and Chimera Abu Dhabi, have pre-funded a significant portion of upsized $100 million PIPE raised in connection with Swvl’s proposed
Victoria Grace, Lone Fønss Schrøder and Esther Dyson will bring extensive financial, technology, and automotive experience, along with deep global networks
Company leadership to reflect diversity of stakeholder base, including employees and customers. ESG principles core to Swvl’s mission of empowering underserved communities through tech- enabled mass transit solutions
Transformative Mass Transit Platform, Announces Business Combination with Queen’s Gambit Growth Capital
Accelerates Swvl’s entry into Europe 1 year ahead of schedule, more than doubles footprint with 10 additional countries in Europe, APAC and LATAM, and leverages Shotl’s strong B2G and OEM relationships
Partnership aims to enhance the Swvl customer experience and change the paradigm of mass transit on a global scale. Swvl continues to expand its platform and growth Potential through compelling partnerships with industry leaders.
