Careem

SWVL AND MOOVE PARTNER TO ROLLOUT EV BUSES

Retrieved on: 
måndag, mars 28, 2022
IFC, Company, Economics, Partnership, Transport, Serie A2 Basket, Growth, City, Ownership, DTO, Environment, Woman, B2G, CEO, Safety, Kandil, Income, Careem, Solution, Airline, Taxicab, Renewable energy, Rail transport, MENAP, Moove, Swvl

DUBAI, UAE, March 28, 2022 /PRNewswire/ -- Swvl, Inc. ("Swvl"), a global provider of transformative tech-enabled mass transit solutions, and Moove, the world's first mobility fintech, today announced that they have entered into a partnership to scale Moove's revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region, as well as expand vehicle classes to include electric buses. The partnership follows Moove's recent $105 million Series A2 round.

Key Points: 
  • Starting with an initial rollout of 500 buses, with the goal to scale up substantially, the partnership will enable mobility entrepreneurs on Swvl's platform to access a range of brand-new buses.
  • Moove is committed to ensuring that at least 60% of the vehicles it finances are electric or hybrid.
  • Powered by cutting-edge technology, Swvl empowers underserved communities with transportation solutions that are reliable, convenient, safe and affordable.
  • Mostafa Kandil, Swvl Founder and CEO, said, "Moove's unique approach to democratizing vehicle ownership by providing access to financing perfectly aligns with our mission at Swvl.

SWVL EXPANDS INTO CENTRAL EUROPE VIA ACQUISITION OF MASS TRANSIT SAAS PLATFORM DOOR2DOOR

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torsdag, mars 24, 2022
Adoption, Company, CAGR, LinkedIn, Investment, Societas Europaea, United Kingdom, Transport, Growth, EV, City, Geography, Software as a service, ESG, Paratransit, B2G, CEO, Mobility as a service, API, Technology, Acquisition, Kandil, Policy, Careem, Solution, Mobility, DACH2, Partnership, Video game, Mobile phone, Online shopping, Renewable energy, Central Europe, EU, Swvl

DUBAI, UAE, March 24, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a global provider of transformative tech-enabled mass transit solutions, today announced a definitive agreement to acquire door2door, a European high-growth mobility platform that partners with municipalities, public transit operators, corporations, and automotive companies, providing software for on-demand mobility, multimodal routing and mobility analytics. The closing of the door2door transaction is subject to customary closing conditions and is expected to be completed in Q2 2022.

Key Points: 
  • door2door's impressive foothold in Europe, and particularly DACH2, complement Swvl's recent growth efforts, including our acquisitions of controlling interests in Shotl and Viapool, which launched the Swvl platform in Europe and Latin America, respectively.
  • Maxim Nohroudi, door2door Co-CEO, said,"With Swvl and door2door joining forces today we are building a global mass transit company.
  • We are confident that the Swvl platform will have a very positive and sustained impact on European transit."
  • Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across 115 cities in 18 countries.

SWVL FURTHER STRENGTHENS TECHNOLOGY LEADERSHIP WITH ADDITIONS OF NAMI MUFTI (EX-SPOTIFY HEAD OF SECURITY), URIEL JAROSLAWSKI (EX-QUICKO CPO & CTO), ANDRII DZYNIA (EX-SMARTBEAR DIRECTOR OF ENGINEERING), MARTIJN PIETERS (EX-FACEBOOK SENIOR ENGINEER) AND HAR

Retrieved on: 
tisdag, mars 22, 2022
Open Platform, Company, Organization, Distribution, Engineering, Stack Overflow, Mentorship, Igor Sikorsky Kyiv Polytechnic Institute, Automation, Transport, CEMA, Productivity, City, SRE, Capital One, Software as a service, Spotify, Software engineer, Head, Risk management, University of CEMA, MercadoLibre, B2G, CEO, Mobility as a service, B2B, Technology, Information, Kandil, James Madison University, Policy, Facebook, Careem, Bachelor, National Technical University, SmartBear Software, B2C, HMRC, Video game, Management, Online shopping, Glovo, Google, Security, Major airlines of the United States, Swvl

DUBAI, UAE, March 22, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a global provider of transformative tech-enabled mass transit solutions, today announced five senior additions to its global technology team: Nami Mufti, Head of Security; Uriel Jaroslawski, Head of B2C Engineering; Andrii Dzynia, Head of B2B Engineering; Martijn Pieters, Principal Engineer; and Haroon Rasheed, Head of SRE. Each individual brings extensive technology experience to Swvl and will enhance the Company's ability to continue scaling its platform in key markets.

Key Points: 
  • Each individual brings extensive technology experience to Swvl and will enhance the Company's ability to continue scaling its platform in key markets.
  • Mostafa Kandil, Swvl Founder and CEO, said, "We are pleased to welcome Nami, Uriel, Andrii, Martijn and Haroon to Swvl's technology team.
  • Their expertise, diversity and differentiated perspectives will be instrumental as we continue to rapidly scale our platform across LatAm, Europe and Asia.
  • Mr. Mufti is a seasoned information security expert with over 20 years of experience in cyber risk management.

SWVL DELIVERS ANOTHER EXCEPTIONAL SET OF RESULTS BEATING ESTIMATES FOR THE SECOND QUARTER IN A ROW IN Q4 2021 AND AGAIN IN EARLY Q1 2022

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måndag, mars 21, 2022
Registration statement, Risk, Register, SEC, Probability, CEO, Securities Exchange Act of 1934, Securities Act of 1933, Time, Gambit, Corruption, Kandil, Section 14 of the Canadian Charter of Rights and Freedoms, Queen's Gambit, Sale, Transport, SPAC, PARTIES, B2G, U.S. Securities and Exchange Commission, NASDAQ, Form, Investment, Forward-looking statement, Growth, AND, Proxy statement, Failure, Name, ALL, Prospectus, The Queen's Gambit (miniseries), Annual general meeting, Company, Rocket, Shareholder, City, Compliance, Proxy, Communication, Holding, THE, COVID-19, Careem, News, SEC filing, Airline, Video game, Security (finance), Queen, Major airlines of the United States, Swvl

Average ticket fare of $1.68 for the fourth quarter and $1.70 for full-year 2021, an increase of 9% year-over-year.

Key Points: 
  • Average ticket fare of $1.68 for the fourth quarter and $1.70 for full-year 2021, an increase of 9% year-over-year.
  • Youssef Salem, Swvl CFO, said, "We are pleased to have beaten our estimates in the fourth quarter for a second quarter in a row after beating estimates and raising guidance in the third quarter.
  • We believe outperforming projections in the first two months of 2022 positions us to beat estimates for the third quarter in a row in the first quarter.
  • However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so.

SWVL COMMITS SIGNIFICANT FOREIGN DIRECT INVESTMENT TO ARGENTINA TO IMPROVE MASS TRANSIT ACROSS THE COUNTRY

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tisdag, mars 15, 2022
Knowledge, Kandil, Acquisition, Knowledge economy, City, Investment, Positive economics, Rocket, Mondelez International, B2B, Government, SAP, Safety, B2G, Transport, Economics, Company, Research, CEO, Careem, Engineering, Carrefour, Rail transport, Renewable energy, Nestlé, Unilever, Swvl, Bayer

DUBAI, UAE, March 15, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a global provider of transformative tech-enabled mass transit solutions, and the government of Argentina today announced that Swvl will become a significant foreign direct investor in Argentina to improve the reliability, safety and demand responsiveness of mass transit systems across the country. Swvl will make an initial $15 million investment, which will be used to generate jobs and self-employment opportunities over the next three plus years and further develop Swvl's research and development capabilities through the creation of an engineering hub in Argentina. Additionally, Swvl intends to collaborate with all interested parties to expand its B2C and B2B operations across Argentina with Swvl's proprietary technology.

Key Points: 
  • Additionally, Swvl intends to collaborate with all interested parties to expand its B2C and B2B operations across Argentina with Swvl's proprietary technology.
  • Together, we will work to significantly improve mass transit capabilities nationally while creating employment opportunities.
  • Youssef Salem, Swvl CFO, said, "With this multi-year financial commitment and our acquisition of a controlling interest in Viapool, Swvl is demonstrating its dedication to improving mobility across Argentina.
  • Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across 115 cities in 18 countries.

SWVL STRENGTHEN SENIOR LEADERSHIP WITH JUAN BATIZ (EX-FACEBOOK HEAD OF PUBLIC POLICY LATAM), ENRIQUE GONZALEZ (EX-UBER ASSOCIATE GENERAL COUNSEL LATAM), AND LEANDRO ALISEDA (EX-VIA COUNTRY MANAGER LATAM AND PORTUGAL)

Retrieved on: 
onsdag, mars 9, 2022
Moses Austin, Sales and operations planning, Management consulting, Ohio Wesleyan University, Master, Senior, University, B2B, Compliance, Company, Bachelor, Corporate development, Uber, B2G, Public policy, Juul, Hertz, Accenture, Public sector, Acquisition, Privacy, MBA, City, Kandil, Technology, Demand responsive transport, Careem, Head, Transport, Growth, CEO, Associate, Internet, Management, Facebook, Philosophy, Via, Swvl, Policy

Mostafa Kandil, Swvl Founder and CEO, said, "We are pleased to welcome Juan, Enrique and Leandro to Swvl as the latest additions to our senior leadership team.

Key Points: 
  • Mostafa Kandil, Swvl Founder and CEO, said, "We are pleased to welcome Juan, Enrique and Leandro to Swvl as the latest additions to our senior leadership team.
  • Youssef Salem, Swvl CFO, said, "We are building a world class global organization and we are excited about these senior additions to the team.
  • Mr. Batiz is a seasoned public affairs executive with over 20 years of experience working on public policy matters.
  • Prior to joining Swvl, he served as Associate General Counsel, Latin America for CloudKitchens, while his former positions include Associate General Counsel, Latin AmericaforUber, where he spent five years, Legal DirectorforTelevisa, and Senior LawyerforCargill.

SWVL AND PAYNAS PARTNER TO EMPOWER CAPTAINS WITH INTEGRATED FINANCIAL SERVICES

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måndag, mars 7, 2022
Visa, Software, Banque Misr, City, Quality of life, Solution, Careem, Efficiency, Company, SME, CEO, B2G, Partnership, Insurance, Transport, Kandil, Online shopping, Renewable energy, Swvl

Paynas will provide Swvl drivers, also known as "captains," with integrated financial services capabilities by issuing Visa-powered Paynas Cards, in partnership with Banque Misr, to the Company's registered captain base and unlocking their access to the suite of financial and non-financial benefits offered through the Paynas platform, including earned compensation payouts, buy-now-pay-later services and insurance.

Key Points: 
  • Paynas will provide Swvl drivers, also known as "captains," with integrated financial services capabilities by issuing Visa-powered Paynas Cards, in partnership with Banque Misr, to the Company's registered captain base and unlocking their access to the suite of financial and non-financial benefits offered through the Paynas platform, including earned compensation payouts, buy-now-pay-later services and insurance.
  • The partnership is based on a revenue-sharing model through which Paynas and Swvl will share the revenues generated from the offered services.
  • Mostafa Kandil, Swvl Founder and CEO, said, "As fundamentally mission-driven companies, Swvl and Paynas share a common goal of helping underserved populations achieve greater social and economic equity.
  • Mohamed Mounir, Paynas Founder and CEO, said, "As a high growth company fundamentally altering the mass transit landscape, Swvl is an ideal partner for Paynas.

Kiwibot Completes Pre-Series A Funding and Closes the Biggest Expansion Deal With Sodexo

Retrieved on: 
torsdag, februari 17, 2022
University, New Mexico State University, Quality of life, Time, CEO, Government, Foodservice, Sport, Entrepreneurship, Contract, Education, Loyola Marymount University, Careem, Health, The Advisory Board Company, City, Gonzaga University, Technology, Chair, Student, History of the University of California, Berkeley, Headline, John S. and James L. Knight Foundation, Fortune 500, Board, Partnership, Sale, Food, House, Library, GLOBE, Food delivery, Kiwi Campus, Lithium, Sodexo

"The early success of our Kiwibot partnership has shown that automated delivery is not only possible and reliable, it's desirable," said Sarosh Mistry, Chair, Sodexo North America.

Key Points: 
  • "The early success of our Kiwibot partnership has shown that automated delivery is not only possible and reliable, it's desirable," said Sarosh Mistry, Chair, Sodexo North America.
  • "Sodexo is focused on meeting our clients and consumers where they are, and Kiwibot helps us do that.
  • Kiwibot has also raised a pre-Series A of aroundUS $7.5Mfrom five investors, bringing its total raised so far to US $14M.
  • One of the investors is Sodexo, which are doubling down on their efforts to implement safe, convenient foodservice solutions.

Retailo Raises $36M million in Landmark Series A Round For Empowering Community Commerce in MENA Region

Retrieved on: 
tisdag, februari 1, 2022
Growth, Goldman Sachs, COVID-19, CEO, GDP, Silicon, Small business, Technology, Person, Population, City, Amazon, Delivery Hero, Aujan Group, Investment, Industry, Record, Solution, Online shopping, Agility, Careem, Pakistan–Saudi Arabia relations, MENAP

Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.

Key Points: 
  • Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.
  • The round was led by Silicon Valley based Graphene Ventures which was an investor of tech giants Snapchat and Lyft.
  • The company has begun this via their B2B community commerce platform which is used by over 50,000 retailers monthly.
  • Retailo offers next-day free delivery, one-stop-window solution, convenience and strong profit margins to enrich the lives of retailers in the region.

Retailo Raises $36M million in Landmark Series A Round For Empowering Community Commerce in MENA Region

Retrieved on: 
tisdag, februari 1, 2022
Growth, Goldman Sachs, COVID-19, GDP, Silicon, Small business, Technology, Person, Population, City, Amazon, Delivery Hero, Aujan Group, Investment, Industry, Record, Solution, Online shopping, Agility, Careem, MENAP

Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.

Key Points: 
  • Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.
  • The round was led by Silicon Valley based Graphene Ventures which was an investor of tech giants Snapchat and Lyft.
  • The company has begun this via their B2B community commerce platform which is used by over 50,000 retailers monthly.
  • "The retail sector serves 700 million persons in MENAP, contributes almost 20% to the GDP and employs tens of millions.