Connected_MobilityConnected Mobility

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Author: Nicole Schlosser
Publication Date: Apr 19 2022
Pages: 14
Report Type: Insight, Word
Connected Mobility

Swvl’s SPAC Marks Start of MaaS Consolidation



Report Summary:

Dubai-based Mobility as a Service (MaaS) company Swvl combined with U.S. based female-led SPAC Queen’s Gambit Growth Capital, for a valuation of $1.5 billion. The move marks the company’s entry into the global market as it aims to solve the problem of public transit demand challenges in emerging markets. While its capital will allow rapid geographic expansion, it will need to stand out with investments in other transportation modes to compete.

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