Swvl Announces Definitive Agreement To Acquire Zeelo In Order To Become A Leading Global Mass Transit Tech Platform
Swvl Announces Definitive Agreement To Acquire Zeelo In Order To Become A Leading Global Mass Transit Tech Platform. Swvl has announced that it has signed an agreement to acquire Zeelo so that it can become the leader in the global mass transit tech industry by Footprint as it seeks to expand its footprint to USA & South Africa and Increasing Presence in the UK.
Swvl and Zeelo share a mission to modernize the way people move by bringing a shared mobility tech solution to mass transport that unlocks economic opportunities and reduces emissions, offering everyday commuters a faster, safer, more affordable and greener mass transit solution. Sam Ryan, Zeelo Founder and CEO, said in a statement, “Swvl is revolutionizing the mass transit industry and we are thrilled to join forces with them on this next phase of Zeelo’s journey to firmly establish smart bus transport as the best-in-class shared mobility solution that takes account of all income levels and the needs of ordinary, every-day travelers. Bus transport done well with tech can take us beyond our dependency on cars and taxis which are not suitable for commutes from non-urban areas.”
He continued to say, “We look forward to bringing Swvl insights from Zeelo’s strategic pivot during the global pandemic and we’ve been impressed by Swvl’s fast growth in challenging markets. We are excited to leverage their global experience as we embark on a shared journey to develop safe, affordable, and low emission mass transportation options, and expand economic opportunity for the people who need it most through our mobility solution. Especially shift workers, professionals and students living in transport-poor areas in the developed markets.”
Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across more than 115 cities across 20 countries and four continents. The Company’s platform provides complimentary semi-private alternatives to public transportation for individuals who cannot access or afford private options.
