Swvl Holdings Corp (Nasdaq: SWVL), a global provider of technology-driven mobility solutions, today announced a significant five-year contract with e& Egypt, a leading telecommunications operator in Egypt. The deal, valued at up to $6.3 million, marks a major step in Swvl’s expansion within the Egyptian market.
e& Egypt, operating under the e& Group umbrella, is a prominent player in the Egyptian telecommunications and information technology sector. The company’s vision is to be a leading technology enabler and enrich lives through its services.
This partnership underscores Swvl’s commitment to providing innovative mobility solutions that address the challenges of daily commuting, particularly in densely populated urban areas. Swvl’s platform offers a convenient and efficient alternative to traditional public transportation, catering to individuals who lack access to private options.
Mostafa Kandil, CEO of Swvl, expressed his enthusiasm for the partnership, stating, “The trust placed in us by prominent partners like e& Egypt demonstrates the potential impact of Swvl’s solutions on the mobility landscape. This collaboration propels us further on our trajectory toward sustainable and profitable growth.”
Swvl’s technology-based platform allows users to book rides through a user-friendly app, offering various payment options and access to a fleet of high-quality private buses and vans. The company aims to redefine industry standards and contribute to a more sustainable future in transportation through this collaboration.
Swvl is a global provider of technology-driven mobility solutions for enterprises and governments. The company’s platform offers an alternative to public transportation, empowering individuals to travel conveniently and affordably. Swvl’s parallel mass transit systems prioritize safety, efficiency, accessibility, and environmental friendliness.
e& Egypt is a leading telecommunications operator in Egypt, operating under the framework of e& Group. The company provides reliable telecommunications and information technology services, driven by a vision to become a leading technology enabler and enrich lives in an ever-changing world.