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.
“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 platform in Europe and Latin America, respectively.”
The transaction with door2door is expected to boost Swvl’s momentum of growth and expansion in Europe and beyond by bringing the company’s total geographic presence to more than 20 countries on 4 continents.
The deal also provides a launchpad for Swvl when combined with Shotl, a mass transit platform, to tap into the $22.5 billion SaaS and TaaS market in Europe, where door2door brings a deep understanding of market dynamics.
Further, the deal will allow Swvl to integrate door2door’s scalable technology stack with its proprietary technology to predict and identify latent demand, create routes around demand clusters, create dynamic routes and cost-efficient plans, price supply through bidding, and enhance dynamic pricing capabilities. It will also offer a complementary suite of mobility solutions including electric vehicle (EV) and automated vehicles (AV) fleet management, on-demand and fixed-route public transit, corporate and campus shuttles, autonomous logistics delivery and demand management.
Commenting on the deal, Dr. Tom Kirschbaum, Co-CEO of door2door, said, “We are excited to embark on this next phase of growth alongside the Swvl team. We have been impressed by Swvl’s ability to rapidly scale its business while continuing to provide best-in-class, transformative mobility solutions for customers.”
Mr. Maxim Nohroudi, Co-CEO of door2door, added, “Swvl’s outstanding TaaS experience adds value to our European customers, while door2door complements Swvl with MaaS solutions and B2G capabilities. Together, we are catering to diverse mass transit challenges worldwide, providing a truly global mobility platform.”
The acquisition is also expected to advance Swvl’s ESG strategy by boosting its adoption of EV and AV technology and creating partnership opportunities to digitize non-emergency medical transport. It will maintain an outstanding policy network on both a national and European Union (EU) level, providing additional opportunities to enter new markets and expand Swvl’s B2G business.