Swvl Accelerates Global Transit Innovation with a $1.5 Billion Investment and Strategic Expansion

Swvl, the global provider of transformative tech-enabled mass transit solutions, is excited to announce a milestone funding achievement valued at $1.5 billion. This significant capital infusion will empower the company to further strengthen its revolutionary transportation ecosystem, which currently spans 115 cities in 18 countries across Latin America, Europe, Africa, and Asia. Built on a foundation of strong environmental, social, and governance (ESG) principles, Swvl has rapidly become a game changer in emerging markets by delivering safe, reliable, and highly efficient transportation solutions. The new funds will accelerate the company’s core mission to capitalize on a $1 trillion global mass transit market opportunity by advancing its daily commuting, inter-city travel, Transportation as a Service (TaaS), and Software as a Service (SaaS) offerings. Swvl’s differentiated, proprietary technology stack redefines vehicle routing by optimizing high-capacity vehicles, significantly reducing walking distances, and offering competitive pricing for riders. This innovative approach not only drives unprecedented earnings for drivers but also enhances overall operational efficiency. Over the past four years, the company has experienced astounding annual gross revenue growth of 430%, with more than 2 million riders booking over 75 million rides and a robust network of 20,000 drivers. The funds raised will further propel Swvl’s rapid geographical expansion, support strategic acquisitions, and continue to scale its TaaS offerings—where clients have seen revenue per client grow by 4x, with remarkable retention exceeding 100% over the past two years. With visionary support from prominent strategic and financial investors, including Agility, Luxor Capital, Zain, EBRD, and Chimera, Swvl is uniquely poised to transform urban transportation and drive lasting social and economic impact worldwide.