Swvl to Acquire UK Smart Bus Platform Zeelo.

MANews-(C)2009-2022

US-based transformative tech-enabled mass transit solutions provider Swvl Holdings Corp (NASDAQ: SWVL) has inked a definitive agreement to acquire UK-based smart bus platform Zeelo, the company said.

Joining forces with Zeelo builds upon Swvl's recent successful acquisitions of Viapool and Shotl, and announced acquisitions of Volt Lines and door2door, and provides a launchpad to rapidly land and expand business operations in three strategic developed markets including the UK, South Africa and the US with Zeelo's seasoned team of over 160 staff across the globe, including 29 software engineers based out of Zeelo's R and D hub in Barcelona.

In alignment with Swvl's mission, Zeelo has a well-recognized commitment to driving the shift from single-occupancy vehicles to zero-emission mass transit and deploying transportation services to connect more people to work and educational opportunities.

The acquisition is expected to be completed in May 2022.

Zeelo is an asset-light technology company that modernizes daily bus commutes to serve the needs of frontline workers...

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