Business
Swvl Adds a New Key Partner, City Group, the Leading Mass Transit Operator in Kuwait, to its SaaS Offering
NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit
About this update from Swvl Holdings Corp
[{"type":"text","content":"NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Swvl Inc. (\"Swvl\" or the \"Company\") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its entry into a strategic partnership with City Group Co. KSCP (\"City Group\"), a leading transport operator and warehousing services provider, through which City Group will utilize Swvl's Software as a Service (\"SaaS\") offerings in Kuwait. Under the partnership, Swvl and City Group will work to provide the optimal transportation platform for serving Kuwaiti residents, in an effort to simplify their daily lives. The platform will feature a wide range of services, including on-demand, door-to-door, ride hailing, ride sharing and network buses, as well as school and corporate solutions.\n\n \n \n \n \n \n \n\n \nSwvl and City Group will initially focus on the development of an initial launch program titled \"Citylink Shuttle.\" The program will include demand responsive transportation (\"DRT\") and other preferred services, with plans to scale services to 100 or more vehicles over the following six months. Following the successful completion of these phases, Swvl and City Group expect to initiate a comprehensive platform onboarding of City Group's remaining vehicles over a mutually agreed upon period.\nMostafa Kandil, Swvl Founder and CEO, said, \"We are excited to partner with City Group to bring next generation of transportation solutions to Kuwait. We are deeply committed to the Kuwaiti transport sector and believe that collectively, we have the unique ability to transform the current offering and customer experience for the benefit of the country's daily passengers. In the process, we will make mobility more reliable, affordable, and convenient.\" \nMr. Kandil continued, \"This partnership is another great example of how Swvl is leveraging strong and rapidly accelerating demand for its SaaS and B2G offerings, in turn facilitating expansion into new, attractive markets. We continue to demonstrate tremendous progress against our business plan goals. This SaaS partnership demonstrates the substantial synergies from our recent acquisitions of a controlling stake in Shotl and door2door, both leading SaaS platforms in Europe.\"\nYoussef Salem, Swvl CFO, said, \"We believe the launch of Citylink Shuttle in Kuwait, which is incremental to our busines...