Swvl to acquire Zeelo for $100m.

Swvl, a provider of transformative tech-enabled mass transit solutions, agreed to acquire Zeelo, a smart bus platform, for $100m. "Swvl was founded on the belief that accessible transportation is essential to unlocking economic opportunity. Swvl and Zeelo share a vision and mission to provide reliable transportation that gets riders where they need to go in an affordable, safe, and environmentally-friendly manner. With an impressive suite of turnkey TaaS and SaaS solutions and an established footprint in the United Kingdom, South Africa, and the United States, Zeelo rapidly advances our leading market position as a provider of technology-enabled mass transit solutions on a global scale," Mostafa Kandil, Swvl Founder and CEO.