Swvl Holdings Corp

SWVL is a global tech startup based in Dubai that provides a semi-private alternative to public transportation for individuals who cannot afford or access private options. The Company has built a parallel mass transit system offering intercity, intracity, B2B and B2G transportation in 10 megacities across Africa, Asia, and the Middle East. SWVL began trading on the Nasdaq on April 1, 2022 following a business combination with the special purpose acquisition company Queen’s Gambit Growth Capital II.

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Swvl Holdings Corp. engages in the provision of mass transit and shared mobility solutions. It provides transportation services through contracting with other service providers or transportation operators. The company was founded on February 8, 2017 and is headquartered in Dubai, United Arab Emirates.

Volt Lines has more than 110 institutional clients including Mondelez, Axa Insurance, Pirelli, CMA-CGM, MetLife and ICBC Adds incremental $4.3m annualized revenue forecasted based upon Q1 2022 results and builds on recent acquisitions of controlling stakes in Shotl and Viapool and pending acquisition of door2door Provides complimentary geographic presence and suite of solutions with forecasted 127% gross revenue CAGR and significant increase in customers since launching in 2018 through the end of 2022 Aligns with Swvl's commitment to providing safe, affordable transportation options, unlocking social, economic, and educational opportunities while reducing emissions NEW YORK , April 25, 2022 /PRNewswire/ -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced a definitive agreement to acquire Volt Lines, a Turkey-based B2B and Transport as a Service mobility business. The acquisition builds on Swvl's recent acquisitions of controlling stakes in Shotl and Viapool, and pending acquisition of door2door.

Swvl Expands Further in Europe with Acquisition of Volt Lines, Turkey's Leading Provider of Tech-Enabled Mass Transit Solutions

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