Swvl and Shotl set to transform public transport
Dubai-based shared mobility solutions provider Swvl has acquired a controlling interest in on-demand mobility platform provider Shotl.
Shotl has a presence in 22 cities in 10 countries across Europe, LATAM and APAC. The company partners with governments, municipalities and companies and its on-demand SaaS platform is used in suburbs, cities and campuses, helping to fill transport voids in low-density areas underserved by public transport and vehicle sharing options.
The acquisition enables Shotl to leverage Swvl's pre-scheduled dynamic routing and TaaS offering to optimise routes and maximise vehicle load, while reducing traffic congestion and providing much needed transport for populations, including senior citizens and people with reduced mobility.
"Our two companies share the view that there is an urgent need to transform traditional public transportation to make it more accessible, convenient and sustainable," said Mostafa Kandil, Swvl Founder and CEO.
The acquisition is expected to close in the fourth calendar quarter of 2021, subject to customary closing conditions.
Image: of tennis fan using Swvl app, courtesy of Swvl.