- Swvl Holdings Secures $2 Million Investment Through Pre-Purchased Financing Bonds
- The investment supports the company’s expansion plans in the United States
Swvl Holdings, a leader in smart mobility solutions, has announced securing a $2 million investment from investors through a private placement offering. This investment will be used to support Swvl’s expansion efforts in the U.S. market.
The funds were raised through a pre-funded convertible note offering, with shares priced at $4.79 each.
Swvl confirmed that the proceeds from this offering would be allocated towards boosting its working capital and strengthening its operations within the United States.
The investment follows a recent deal under which investors exercised their right to purchase additional securities, increasing the total investment in the offering to $2 million.
As per the terms of the agreement signed on November 17, 2024, investors will hold their purchased securities for six months, with the possibility to sell up to 20% of the total shares every 90 days, without exceeding 20% of the trading volume on the day of sale.
This move reflects strong investor confidence in Swvl’s strategic direction for growth.
The private offering was closed on February 7, 2025, and the funds raised will be directed to support the company’s working capital and general expansion efforts, particularly in the U.S.
Swvl’s expansion plans are part of a broader growth strategy that includes securing contracts in Egypt, Saudi Arabia, and the UAE, and receiving funding from HSBC.
The company is also preparing to expand its footprint in the Gulf Cooperation Council (GCC) countries.
This investment is an extension of the private placement announced in November 2024, which raised $4.7 million for the company’s growth initiatives.
