20 Amazing Stats and Facts about SWVL

1. About SWVL:  

SWVL is an Egyptian app that is a tech-driven, affordable, and convenient transportation service, committed to enabling cities, people, and businesses to move everywhere.

2. Type:Public

3. Traded as:Nasdaq: SWVL

4. Industry:Transportation, Mobility as a service

5. Founded: Cairo, Egypt in 2017

6. Headquarters: Dubai, UAE

7. Area served:Egypt, Europe, Jordan, Kenya, Latin America, Pakistan, Saudi Arabia, UAE

8. Founded byMostafa Kandil(Founder and CEO), Mahmoud Nouh(2017-2019), and Ahmed Sabbah(2017-2021).

9. Products:  Ridesharing, Vanpool

10. Website: https://www.swvl.com/

11. Objective: The founding objective of SWVL is to facilitate and improve the movement of bus takers in Egypt by providing a fast, comfortable, and affordable ride.

12. Pros: Anyone can view, book, and track fixed-route bus trips at very reasonable prices.

13. About Mostafa Kandil:

He previously worked for Rocket Internet, where he launched the car sales platform Carmudi in the Philippines. He then worked for ride-sharing company Careem, which is now a   subsidiary of Uber. Born in Cairo, Kandil earned a bachelor’s degree in Petroleum and Energy Engineering from American University.

14. About Youssef Salem: He Previously served as an Executive Director at Moelis & Company and an Associate at QInvest. He is also an Adjunct Professor of Practice at the American University in Cairo.

15. Swvl began developing an app to address traffic congestion in Cairo but then switched to developing it as a platform for booking cheap bus trips in the city.

16. On June 2, 2022, SWVL announced it was significantly reducing its offer of services in the Pakistani market.

17. SWVL Features:

• Choosing pickup and dropoff; users can check addresses and save them as favorites to use later.
• Picking the most convenient routes SWVL provides users with the most convenient routes for them in terms of time and distance.
• Easy payment; users pay for SWVL through a simple click on the app.
• Tracking SWVL bus trips through the app; users can view and track SWVL buses in real-time.

18. Reliable and Safe:

• SWVL buses go in a straight line to save time, they provide clients with live updates on bus locations.
• High Quality meets Low Prices SWVL  provides comfortable seats and transportation conditions at 50% to 80% cheaper prices than the rest of the on-demand services.

19. SWVL Goal: Egyptian Transit App Swvl Plans to go to Global Expansion.

20. In March 2022, Swvl acquired Door2door, a Berlin-based software company that licenses its technology to cities, transport companies, and private providers in ten European countries.