Sunday, September 7, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Acquisition

Swvl, an Egyptian mobility startup, has expanded into Europe, Latin America, and Asia through the acquisition of Shotl, a mass transit SaaS platform

Tech Gist Africa by Tech Gist Africa
08/26/2021
in Acquisition, Expansion, Middle East and Africa, The Big 5
0 0
0
Swvl

Swvl

0
SHARES
Share on FacebookShare on Twitter

Swvl, an Egyptian startup that provides transformative mass transit and shared mobility solutions, has announced a definitive agreement to purchase a controlling interest in Shotl, a mass transit platform that partners with municipalities and corporations to provide on-demand bus and van services across Europe, LATAM, and APAC – optimizing public transportation systems and reducing reliance.

The concept that offering accessible and equitable mobility solutions provide a pathway to social and economic empowerment through access to better jobs, healthcare, and education is central to both companies’ missions.

Shotl is solving transportation voids in suburbs, cities, and campuses with an on-demand platform that is simple to use, flexible, and sustainable. With a presence in 22 cities across 10 countries, including Brazil, Japan, and a pan-European footprint, over 350,000 bookings to date, more than 10% market share in Europe, and rapid adoption, Shotl is solving challenges posed by transportation voids in suburbs, cities, and campuses with an on-demand platform that is simple to use, flexible, and

Shotl collaborates with governments, municipalities, and businesses to reach people who live or work in low-density areas that are underserved by existing mass transit and ride-sharing options, such as senior citizens and people with limited mobility, who frequently lack equitable access to transportation.

Shotl will now be able to use Swvl’s unique technology to improve route optimization and vehicle load while minimizing traffic congestion.

“Our two firms share the belief that traditional public transit must be transformed to make it more accessible, convenient, and sustainable,” said Swvl Founder and CEO Mostafa Kandil.

“Shotl’s vision for the future of mobility – with an emphasis on electrification, congestion reduction, and affordability – is exactly what Swvl has already accomplished in ten emerging market megacities and the reimagined model for public transportation systems around the world. Swvl is meaningfully expanding its key markets, in line with our publicly stated growth targets, thanks to Shotl’s strategic alliances, quickly rising user base, and extensive knowledge of its market landscapes.”

“We are thrilled to be joining the Swvl team and look forward to working together to fulfill our common ambition of creating more fair and accessible mass transit networks around the world,” said Gerard Martret, Shotl’s CEO and co-founder. “With the quick expansion and unrivaled tech-enabled products, Swvl has established itself as an industry leader in just a few years.

Subject to customary closing conditions, the transaction is scheduled to occur in the fourth calendar quarter of 2021.

 

Read more on Tech Gist Africa:

Jumia and Solar Taxi Join Forces to Deliver Eco-Friendly and Affordably

Plentywaka Acquires Stabus Ghana After securing $1.2 Million in seed funding

Odiggo, an auto tech startup based in Egypt and the UAE, has received a $2.2 million seed round

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Holo Fintech UAE
Funding

Holo Secures $22M Series A to Revolutionize Homeownership in UAE and Saudi Arabia

by Tech Gist Africa
09/03/2025
0

Holo, a fintech platform transforming the home-buying experience in the UAE, has closed a $22 million Series A funding round,...

Read more
ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

09/01/2025
startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

09/01/2025
Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

09/01/2025
Munify Egypt

Munify Secures $3M Seed Funding to Revolutionize Cross-Border Banking for Egyptians Abroad

09/01/2025
Next Post
Virgin Hyperloop

Virgin Hyperloop has released a new video of their pod concept

instagram shop

Instagram has begun rolling out ads on the Shop tab worldwide

Google Pixel Tech news

According to reports, Google's upcoming Pixel smartphone would use Samsung's 5G modem technology

No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.