Dubai’s Swvl to buy Berlin-based door2door; Expands European footprint

  • Date: 25-Mar-2022
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Dubai’s Swvl to buy Berlin-based door2door; Expands European footprint

Swvl, a Dubai-based provider of transformative mass transit and tech-enabled shared mobility solutions, has entered into a definitive agreement to acquire door2door, a Berlin-based leading mobility software company, with an aim to expand its European footprint and boost its Mobility as a service (MaaS) and Software as a service (SaaS) capabilities.

The transaction, which is expected to be completed by the second quarter of 2022, will contribute towards the commitment of Swvl and door2door to expand access to affordable transportation and unlock economic, social, and environmental benefits for riders and their communities.

Founded in 2012 with the mission of making cities smarter, door2door has developed a leading proprietary MaaS software platform that can be easily integrated into any existing transit network. The company has a strong commercial track record with 70 deployments across 10 European countries and approximately 24 percent market share in Germany, Europe’s largest mass transit market.

Mostafa Kandil

Co-Founder & CEO

Swvl “Swvl and door2door share an ongoing commitment to disrupting traditional public transportation systems with tech-enabled mobility solutions focused on accessibility, convenience and sustainability. 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