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SWVL Egypt

Cairo, Egypt

2017 - Ongoing

Climate ChangeInfrastructureMobilityTransportation

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Project Description

Approach Words: Integrated City, Smart Mobility, Urban Livability

Public Policy Instruments: Communicative, Financial Mechanism, Organization, Physical Intervention, Planning

The SWVL Egypt project is a new urban development initiative in the transportation sector that leverages technology to provide affordable, reliable, and efficient tech-enabled mass transit solutions.¹ ² It aims to address urban mobility challenges, reduce traffic congestion, and connects passengers with optimized bus routes using digital platforms, offering a hybrid model between traditional public transportation services.³ ⁴

SWVL’s vision is to “redefine the future of transportation” by enhancing public mobility through innovation,⁵ ⁶ aligning with Egypt’s broader development strategy, including smart city transformation, sustainable infrastructure, and increased access to equitable transportation for all societal segments.⁷ ⁸ ⁹

Title: SWVL Egypt employees celebrating their achievements upon becoming a global transit company.

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Title: Comparative analysis of travel costs in Egyptian pounds between SWVL and other transportation companies.

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Title: SWVL's network expansion strategy, incorporating drivers from various regions across Egypt.

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Title: A SWVL bus operating in Cairo. Source

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Title: SWVL Egypt employees celebrating their achievements upon becoming a global transit company.

Source: Click Here

Title: Comparative analysis of travel costs in Egyptian pounds between SWVL and other transportation companies.

Source: Click Here

Title: SWVL's network expansion strategy, incorporating drivers from various regions across Egypt.

Source: Click Here

Title: A SWVL bus operating in Cairo. Source

Source: Click Here

SWVL operates across multiple Egyptian cities including Cairo and Alexandria, providing efficient alternatives to private car usage.¹⁰ ¹¹ Key components include:¹² ¹³

Mobile Application: allows users to book seats and track rides in real-time.
Fleet Services: buses are equipped with air conditioning, Wi-Fi, and standardized passengers’ comfort.
Dynamic Routing: AI-powered systems adjust bus routes based on passenger demand and traffic conditions.
Cashless Payment: integrated digital wallet within the mobile app for secure and convenient transactions.
Driver Management System: ensures quality and reliability by monitoring drivers’ performance.
Global Reach: over 5 million regular users and 75,000+ bus stations internationally.
Local Operations: SWVL is active in major Egyptian urban centers and expanding its domestic network.

The project contributes to carbon emission reductions by promoting shared transportation and minimizing individual vehicle use.¹⁴ ¹⁵ It enhances urban inclusivity by providing affordable transportation options, particularly benefiting students, low-income workers, and commuters lacking access to reliable public transit.¹⁶ ¹⁷

Owner/Developer

Swvl Holdings Corp

Funder

BECO Capital ³⁴

DiGAME Investment Company ³⁵

Silicon Badia ³⁶

Owner/Developer

Swvl Holdings Corp

Funder

BECO Capital ³⁴

DiGAME Investment Company ³⁵

Silicon Badia ³⁶

SWVL was founded by Mostafa Kandil, Mahmoud Nouh, and Ahmed Sabbah.¹⁸ The company has received significant backing from venture capital firms, including BECO Capital, DiGAME Investment Company, and Silicon Badia, from early development to global expansion.¹⁹ ²⁰ SWVL transitioned in March 2022 into a publicly traded entity via a special purpose acquisition company (SPAC) merger, and is now listed on NASDAQ stock exchange under the ticker symbol “SWVL”.²¹

Undergoing several phases, SWVL’s key financial milestones:

April 2017, SWVL was self-founded with $30,000.²² ²³
In 2023, SWVL achieved its first annual net profit of $3.1 million in 2023, reversing a $123.6 million net loss in 2022.²⁴ ²⁵
Gross profits rose from $0.5 million (2022) to $4.1 million (2023).²⁶ ²⁷
Gross margin improved from 1.2% (2022) to 18% (2023).²⁸
Equity value more than doubled to $5.9 million as of December 31, 2023.²⁹
In November 2024, SWVL secured new contracts in Egypt worth $4.2 million over a three-month period.³⁰ ³¹

As of 2023, SWVL operates in 135 cities across 20 countries, including regions in Latin America, Europe, Africa, and Asia, making it a global leader in AI-driven shared mobility.³² ³³

Project Link, Endnotes and References

Project Link

https://www.swvl.com/

Endnotes

N.A.

References

East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
‘‎Swvl – Daily Rides’. (2024). App Store. Retrieved January 19, 2025, from https://apps.apple.com/sa/app/swvl-daily-rides/id1214486024
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
‘‎Swvl – Daily Rides’. (2024). App Store. Retrieved January 19, 2025, from https://apps.apple.com/sa/app/swvl-daily-rides/id1214486024
‘‎Swvl – Daily Rides’. (2024). App Store. Retrieved January 19, 2025, from https://apps.apple.com/sa/app/swvl-daily-rides/id1214486024
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
‘‎Swvl – Daily Rides’. (2024). App Store. Retrieved January 19, 2025, from https://apps.apple.com/sa/app/swvl-daily-rides/id1214486024
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
‘‎Swvl – Daily Rides’. (2024). App Store. Retrieved January 19, 2025, from https://apps.apple.com/sa/app/swvl-daily-rides/id1214486024
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
‘‎Swvl – Daily Rides’. (2024). App Store. Retrieved January 19, 2025, from https://apps.apple.com/sa/app/swvl-daily-rides/id1214486024
swvlapp. (n.d.). ‘swvlapp Facebook’. Retrieved January 19, 2025, from https://www.facebook.com/swvlapp/
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
‘Egyptian startup Swvl raises $8 million Series A – Zouk Capital’. (n.d.). . Retrieved January 19, 2025, from https://zouk.com/technology/270-egyptian-startup-swvl-raises-8-million-series-a
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
Staff, M. B. (2024). ‘Swvl posts first annual net profit, thanks to settlement with creditors’. MENAbytes. Retrieved January 19, 2025, from https://www.menabytes.com/swvl-first-annual-net-profit/
Talaat, N. (2024). ‘Mobility Solution Provider Swvl Hit USD 3.1Million Net Profit’. WAYA. Retrieved January 19, 2025, from https://waya.media/mobility-solution-provider-swvl-hit-usd-3-1million-net-profit/
Staff, M. B. (2024). ‘Swvl posts first annual net profit, thanks to settlement with creditors’. MENAbytes. Retrieved January 19, 2025, from https://www.menabytes.com/swvl-first-annual-net-profit/
Talaat, N. (2024). ‘Mobility Solution Provider Swvl Hit USD 3.1Million Net Profit’. WAYA. Retrieved January 19, 2025, from https://waya.media/mobility-solution-provider-swvl-hit-usd-3-1million-net-profit/
Staff, M. B. (2024). ‘Swvl posts first annual net profit, thanks to settlement with creditors’. MENAbytes. Retrieved January 19, 2025, from https://www.menabytes.com/swvl-first-annual-net-profit/
Talaat, N. (2024). ‘Mobility Solution Provider Swvl Hit USD 3.1Million Net Profit’. WAYA. Retrieved January 19, 2025, from https://waya.media/mobility-solution-provider-swvl-hit-usd-3-1million-net-profit/
StockTitan. (2024). ‘Swvl Lands $4.2M in New Egypt Contracts, Plans U.S. Market Entry’. Retrieved January 19, 2025, from https://www.stocktitan.net/news/SWVL/swvl-wins-4-2-million-in-new-contracts-in-egypt-over-the-last-three-efmlxqr4sh2x.html
FZE, S. G. (2024). ‘Swvl Wins $4.2 Million in New Contracts in Egypt Over the Last Three Months’. GlobeNewswire News Room. Retrieved January 19, 2025, from https://www.globenewswire.com/news-release/2024/11/15/2981875/0/en/Swvl-Wins-4-2-Million-in-New-Contracts-in-Egypt-Over-the-Last-Three-Months.html
East, F. M. (n.d.). ‘Mostafa Kandil’s App SWVL Is Helping Commuters Through Egypt’s Traffic Snarls’. Forbes ME. Retrieved January 19, 2025, from https://www.forbesmiddleeast.com/leadership/entrepreneurship/mostafa-kandils-app-swvl-is-helping-commuters-through-egypts-traffic-snarls
‘Home – Swvl’. (2024). . Retrieved January 19, 2025, from https://www.swvl.com/
‘Egyptian startup Swvl raises $8 million Series A – Zouk Capital’. (n.d.). . Retrieved January 19, 2025, from https://zouk.com/technology/270-egyptian-startup-swvl-raises-8-million-series-a
‘Egyptian startup Swvl raises $8 million Series A – Zouk Capital’. (n.d.). . Retrieved January 19, 2025, from https://zouk.com/technology/270-egyptian-startup-swvl-raises-8-million-series-a
‘Egyptian startup Swvl raises $8 million Series A – Zouk Capital’. (n.d.). . Retrieved January 19, 2025, from https://zouk.com/technology/270-egyptian-startup-swvl-raises-8-million-series-a

SWVL Egypt

Cairo, Egypt

2017 - Ongoing

Project Description

Project Link, Endnotes and References

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