[VIDEO] SWVL is $8 million strong: Meet the mass transit solution that broke funding round records

Egypt-based mass transit application SWVL tackles the problem of transportation for the middle class, offering a convenient solution that is about 70-80 percent cheaper than on-demand ride-hailing options

About 25 million – that is the number of commutes happening in Cairo on a daily basis.

In recent years, ride-hailing apps have gained ground among Cairene and Alexandrian commuters, given the poor status of public transportation system that the government has been attempting to improve for years.

Egypt-based mass transit application SWVL decided to step in and tackle the problem for the middle class, offering a convenient solution that is about 70-80 percent cheaper than on-demand ride-hailing options, and saving commuters from the hassle of public transport inconvenience.

SWVL was incubated by the American University in Cairo’s (AUC) V-Lab, and in April, the business announced an $8 million Series A funding round from BECO Capital, Silicon Badia, Arzan VC, DiGame, Raed Ventures and others.  

Business Forward sat down with Kandil to talk about SWVL and which problem it is solving.

Video produced and edited by Nour Eltigani. 

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