An Egypt-based mobility startup, Swvl, has announced the expansion of its clean mobility services to Switzerland.
The expansion followed Swvl expansion into the Turkish market.
Youssef Salem, CFO of Swvl, confirmed the new development in a press statement on Thursday.
Ripples Nigeria gathered that Swvl launched operations under the brand name, my Bux.
Earlier, Swvl had announced closing a US$21.5 million private investment.
“We believe that the profitability of both the direct to consumer and enterprise segments in these countries demonstrates our ability to continue to grow, enhance margins, and realize synergies across Swvl’s fully organic and inorganic portfolio,” said Salem.
The startup operates across 115 cities in 18 countries.