Recent events
Recent events tied to this brand in public sources.
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2021
Swvl launches bank partnership program for bus captains
Swvl said it had launched a partnership program with banks to facilitate captains' access to financing to buy and run their own buses. The program was beginning in Egypt; Swvl planned to introduce it in other geographies during the fourth quarter.
2021
Swvl investors complete $35.5 million pre-funding
Swvl announced that several investors, including Agility and Chimera Abu Dhabi, had completed $35.5 million of pre-funding associated with its proposed business combination with Queens Gambit Growth Capital.
2021
Swvl completes $35.5 million PIPE pre-funding
Swvl announced that investors, including Agility and Chimera Abu Dhabi, had completed pre-funding $35.5 million of the PIPE subscription raised in connection with Swvl's proposed business combination with Queen's Gambit Growth Capital. The proceeds are expected to support the company's expansion and technology investment.
2021
Swvl acquires Shotl
UAE-based transport startup Swvl acquired Shotl, a Spanish on-demand shuttle-booking platform. The article says the acquisition extends Swvl's geographic footprint and accelerates its European market entry.
2020
Swvl raises more than $20 million in funding
Swvl quietly raised more than $20 million in a funding round before COVID-19 spread in the region, according to the report. Vostok New Ventures' report said it invested $7 million in Swvl in a larger funding round in February 2020; the reported size of the round was between $24 million and $28 million.