DUBAI, UAE, Jan. 27 2022
/PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a global
provider of transformative tech-enabled mass transit solutions,
today announced that the Company has exceeded an important
milestone in its rapid geographic expansion with a footprint of 115
cities across 18 countries on 4 continents. In doing so, Swvl has
significantly outperformed its current business plan and financial
projections. The Company continues to grow its suite of services,
which include intercity and intracity B2C, B2B, and B2G
transportation offerings, as well as Transportation as a Service
and Software as a Service capabilities, which Swvl provides to more
than 240 active institutional clients.
Mostafa Kandil, Swvl Founder
and CEO, said, "We have significantly exceeded our financial
and operational projections, and will continue to execute against
our strategic growth plan. With acquisitions of controlling stakes
in mass transit platforms Shotl and Viapool, as well as organic
expansions across new and existing geographies, we have established
a strong foundational presence across Europe and Latin
America, building on our leadership position in Africa and South
Asia. Our growing scale is indicative of the increasing
demand for Swvl's offerings. We look forward to continuing our
global disruption of mass transit by empowering underserved
communities with seamless mobility solutions that cover a diverse
array of use cases."
Client Testimonials
The Swvl platform delivers compelling benefits to daily riders
and corporate clients by providing a seamless commuting experience
that is safer, more reliable and convenient than existing public
transportation, and far more affordable than private ride hailing
alternatives.
The Company's transformational impact in improving mass transit
for millions of individuals worldwide is demonstrated through an
exceptional rider experience and countless testimonials, a
selection of which is provided below:
- "I was surprised to know that I have taken 363 Swvl rides. I
prefer Swvl because it offers me two things not found on other
transportation platforms. I always feel safe and comfortable, and I
don't have to take many rides to reach my destination. If I fall
asleep, the captain wakes me up at my station. The best thing about
my daily Swvl rides are the two friends I have made on the bus. My
goal by the end of the year is to open up my own private business
as a hair stylist, and Swvl is empowering me to get there." –
Sylvia, a daily rider
- "There are a lot of issues in terms of traffic and congestion
that come up in Pakistan, and
there were a lot of requests we got from employees in terms of
having trouble reaching the office and going back home. That's why
we wanted to go forward with this service with Swvl. We're very
focused on providing our employees, especially our female staff,
with a lot of facilities. We wanted it to be as secure as possible,
as safe as possible, and as convenient as possible. While safety
was one big issue, we also wanted to keep the environmental factor
in mind. To have a pool service where women are comfortable and
feel safe, as well as something that is environmentally friendly
cannot be undervalued." – Minza Khalid, Regional Project Manager,
Human Resources, Daraz, Alibaba Group
- "The major problems of traffic in Karachi are known to all, and it is really
difficult to find transportation here after working hours. Being in
an HR role, I am always looking for the best solutions for my
employees, especially women because men can easily hop on a bike
and travel anywhere they want. Swvl is solving a lot of problems
for us in ensuring that employees can reach the office on time and
leave for their homes on time, and that they reach their homes
safely which is a major concern for us. Swvl is bringing a lot of
healthy changes into the corporate ecosystem by minimizing
environmental hazards because when you move into one car instead of
traveling via four different cars, it reduces carbon emissions. So,
I believe it is a very good thing that Swvl is doing for the
environment." – Tara Tabassum John,
Head of Human Resources & Admin, Hapag-Lloyd
Youssef Salem, Swvl CFO,
said, "We are humbled by the feedback that we regularly receive
from our valued riders and corporate clients. By solving unmet
transportation needs in many of the world's emerging markets, we
are working tirelessly to enable countless individuals to realize
greater social and economic equity. We are also deeply gratified to
serve as a trusted partner to our corporate clients, providing
customized solutions that cater to their specific needs. As a
mission-driven company, we are entirely focused on sustainable
growth and making a profound impact in the localities in which we
operate. The testimonials we've shared today reflect some of the
ways in which Swvl improves the day-to-day lives of so many
individuals while creating value for shareholders and all
stakeholders."
Corporate Case Studies
Swvl's optimized routes and fleet mix achieves greater
utilization and lowers costs, while its real-time tracking
capabilities and 24/7 support provide greater insight into
efficiency while ensuring high-quality rider experiences,
demonstrated through numerous case studies, a selection of which is
provided below:
- Global insurance company AXA relies on Swvl for the automation
of daily transportation in Egypt,
following a history of operational issues with transportation. AXA
sought Swvl's expertise and greater reliability through
professional drivers, higher vehicle quality, and strict safety
measures. Leveraging the Swvl platform, AXA achieved a 5% reduction
in cost using 10% fewer vehicles, with 90% customer
satisfaction.
- Telecommunications firm Etisalat Egypt joined the Swvl platform
in 2019 to support changing employee transportation needs during
COVID-19. Swvl provides Etisalat Egypt with a flexible and reliable
system that caters to the new workforce dynamic, while providing
automated services across the enterprise. Leveraging the Swvl
platform, Etisalat Egypt achieved a 20% increase in on-time
accuracy, 95% fleet utilization, an 80% reduction in manual
activities, and an improvement from two weeks to one day for
invoice reconciliation.
About Swvl
Swvl is a global provider of transformative tech-enabled mass
transit solutions, offering intercity, intracity, B2B and B2G
transportation. The Company's platform provides semi-private
alternatives to public transportation for individuals who cannot
access or afford private options. Every day, Swvl's parallel mass
transit systems are empowering individuals to go where they want,
when they want – making mobility safer, more efficient, accessible
and environmentally friendly. Customers can book their rides on an
easy-to-use proprietary app with varied payment options and
24 / 7 access to high-quality private buses and vans that operate
according to fixed routes, stations, times, and prices.
Swvl was co-founded by Mostafa
Kandil, who began his career at Rocket Internet, where he
launched the car sales platform Carmudi in the Philippines, which became the largest car
classifieds company in the country in just six months. He then
served as Rocket Internet's Head of Operations. In 2016, Kandil
joined Careem, a ride-sharing company and the first unicorn in the
Middle East. He supported the
platform's expansion into multiple new markets. Careem is now a
subsidiary of Uber, based in Dubai, with operations across 100 cities and
15 countries.
For additional information about Swvl, please visit
www.swvl.com.
Media Contact
Daniel Yunger
Kekst CNC
kekst-swvl@kekstcnc.com
917-574-8582
Investor Contact
Youssef Salem
Swvl CFO
Investor.relations@swvl.com
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SOURCE Swvl Inc.