Dubai, UAE — August 26, 2026 — Dubai-headquartered mobility technology company Swvl Holdings Corp (Nasdaq: SWVL) has secured $13 million through a private investment in public equity (PIPE) led by U.S.-based investment firm Coefficient LP, backed by Egypt’s Sawiris family.
Coefficient has committed $10 million to the investment, which will make it Swvl’s largest institutional shareholder upon closing. An existing Swvl shareholder will invest an additional $3 million, deepening its position in the company.
As part of the transaction, Abdalla Ali, Founder and Managing Partner of Coefficient, will join Swvl’s Board of Directors.
Under the securities purchase agreement, Swvl will issue 8,990,317 Class A shares at $1.446 per share. The transaction is expected to close on August 27, 2026, subject to customary closing conditions.
Funding to Support U.S. Expansion and Lending
Swvl said it will use the net proceeds to accelerate its expansion in the United States, launch a lending offering for transport operators and partners, and strengthen its balance sheet as it pursues a growing pipeline of multi-year enterprise and government contracts.
The investment comes as Swvl reports accelerating business performance. During the first quarter of 2026, the company recorded $8.2 million in revenue, representing 68% year-over-year growth.
Revenue from the Gulf Cooperation Council (GCC) increased 111%, while recurring revenue accounted for 88% of total revenue. Swvl also reported 114% net dollar retention, with dollar-pegged revenue reaching 44% of total revenue.
At the same time, operating expenses declined to 23% of revenue, bringing the company closer to operating breakeven.
Swvl Targets the U.S. Market
Swvl Founder and CEO Mostafa Kandil said the investment will support the company’s next phase of growth as it expands its enterprise-first mobility model into the U.S. market.
“We view this investment as powering Swvl’s next chapter, cutting the ribbon on the U.S. market as we have just started our U.S. operations,” Kandil said.
He added that Swvl’s first-quarter performance demonstrates that its enterprise-focused model can scale profitably, while the new investment provides the company with partners with strong networks in the U.S. and its existing markets.
Sawiris Family Backs Swvl
Onsi Sawiris said the Sawiris family has a long-standing focus on backing founders building businesses with long-term growth potential.
“Mostafa and his team have built a disciplined technology operator serving enterprises and governments across seven countries,” Sawiris said, adding that the company’s business model and planned expansion provide a promising foundation for future growth.
Coefficient Managing Partner Abdalla Ali said Swvl is addressing a major gap in urban transportation by using artificial intelligence and technology to make existing transportation capacity more efficient.
According to Ali, Swvl is transforming mass transportation into “intelligent, managed infrastructure” through AI, orchestration and operational expertise rather than relying on owning additional fleets or physical infrastructure.
Expanding Global Mobility Platform
Founded by Mostafa Kandil, Swvl provides technology-driven mobility solutions to enterprises and governments. The company currently operates across Egypt, Saudi Arabia, the UAE, Kuwait, Qatar, the UK and the United States.
The latest investment marks a significant step in Swvl’s strategy to expand its presence in the U.S. while developing additional financial services for transportation operators and strengthening its position in the enterprise and government mobility market.
The securities are being offered through a private placement under Section 4(a)(2) of the U.S. Securities Act of 1933 and/or Regulation D and have not been registered under the Securities Act or applicable state securities laws.
