SWVL acquires German mobility software start-up door2door
- Dubai-based mobility startup SWVL has acquired Berlin-based public mobility solutions provider door2door for an undisclosed sum
- Founded in 2012, door2door has developed a proprietary “mobility as a service” MaaS software platform that can be integrated into any existing public transit system. It currently operates in 10 European countries and has around 24% market share in Germany.
- door2door is SWVL’s third acquisition to date. In 2021, SWVL acquired Argentinian ridesharing startup Viapool and Spanish on-demand shuttle booking platform Shotl.
(“Swvl” or the “Company”), a global provider of transformative technology-based transit solutions, today announced a definitive agreement to acquire door2door, a European-based mobility platform with growth that partners with municipalities, transit operators, businesses, and automotive companies, providing software for on-demand mobility, multimodal routing, and mobility analytics. The closing of the door2door transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2022.
Founded in 2012 with a mission to make cities smarter, door2door has developed a leading proprietary MaaS software platform that can be easily integrated into any existing transit network. door2door has a strong commercial track record with 70 deployments in 10 European countries and a market share of around 24% in Germany, Europe’s largest transit market. Swvl and door2door share a commitment to expanding access to affordable transportation and unlocking economic, social and environmental benefits for riders and their communities.
Mostafa Kandil, Founder and CEO of Swvl, said, “Swvl and door2door share an ongoing commitment to disrupting traditional public transport systems with technological mobility solutions focused on accessibility, convenience and sustainability. door2door’s impressive footprint in Europe, and in particular DACH2, complements recent growth efforts, including our acquisitions of majority stakes in Shotl and Viapool, which launched the Swvl platform in Europe and Latin America, respectively. Significantly expanding our European footprint and by strengthening our MaaS and SaaS capabilities, we continue to achieve our growth objectives, while effectively adapting the Swvl platform to additional key geographies.”
The transaction with door2door will create a leading global transit player, with synergies across offerings, geography, partnerships and product area:
Drives Swvl’s growth and expansion momentum in Europe and beyond by bringing the company’s total geographical presence to more than 20 countries on 4 continents.
Leverages door2door’s impressive growth track record, with a 45% CAGR in customers from 2018-2021, >90% customer retention, and 7.5x revenue growth from 2017-2021.
Provides exciting market opportunities with access to over 100 additional European cities.
Provides a launch pad when combined with Shotl to tap into the $22.5 billion SaaS/TaaS market in Europe, where door2door brings deep understanding of market dynamics.
Unlocks the full potential of SaaS for Swvl through door2door’s proprietary mobility orchestration platform with fleet operations management, insights and reporting, and a driver, passenger and attendant app combined with robust technology in the form a white label engine, API integration and free floating options.
Enables Swvl to integrate door2door’s scalable technology stack with Swvl’s proprietary technology to forecast and identify latent demand, create routes around demand clusters, create dynamic routes and profitable plans, offer pricing through tenders and improve dynamic pricing capabilities.
Enables partnerships with municipalities, transit operators, businesses, non-emergency medical transportation and smart city organizations, and automakers.
Offers a complementary suite of mobility solutions including EV/AV fleet management, on-demand and fixed-route transit, corporate and campus shuttles, autonomous logistics delivery, and add-on demand management to the existing suite of Swvl.
Advances Swvl’s ESG strategy by accelerating its adoption of EV/AV technology and creating partnership opportunities to digitize non-emergency medical transportation.
Maintains an exceptional political network at national and European level, providing additional opportunities to enter new markets and develop Swvl’s B2G activities.
Dr Tom Kirschbaum, co-CEO of door2door, said: “We are excited to embark on this next phase of growth alongside the Swvl team. We were impressed with Swvl’s ability to rapidly scale their business while continuing to deliver best in class. , transformative mobility solutions for customers. We now look forward to leveraging the combined capabilities of our platforms to alleviate many of the burdens and inefficiencies posed by traditional transportation methods. »
Maxim Nohroudi, co-CEO of door2door, said, “With Swvl and door2door joining forces today, we are building a global transit company. Swvl’s exceptional TaaS experience adds value to our European customers, while door2door complements Swvl with MaaS solutions and B2G capabilities. , we meet various public transport challenges around the world, providing a truly global mobility platform. ”
Youssef Salem, Swvl CFO, said: “The acquisition of door2door gives us a leading position in Central Europe, an attractive revenue base and SaaS pipeline, a complementary suite of new mobility products, a strong hub in Berlin and a launching pad for other European and global markets. Following our recent acquisitions of majority stakes in Shotl and Viapool, investments in transit hubs in the UK and Mexico, and launches in Latin America and Europe, this transaction once again demonstrates our ability to use our growth capital and public currency to pursue accretive organic and inorganic strategic initiatives. We look forward to capitalizing on the many opportunities presented by this transaction and continuing partnerships to advance our market-leading position as a provider of technology-enabled transit solutions globally. We are confident that the Swvl platform will have a very positive and lasting impact on European transit.