• Cabify

  Participated · Series A · Sep 2012

  Cabify operates a ride‑hailing platform across more than 40 cities in Spain and Latin America. The company is focused on profitable growth while prioritising sustainable urban mobility, pursuing progressive decarbonisation and fleet electrification. Cabify aims for 100% zero‑emission trips on its platform by 2025 in Spain and by 2030 in Latin America. It recently incorporated 200 new electric cars in Madrid, operated by group subsidiary Vecttor. Cabify reports a pronounced global growth rate of over 30 percent. Financially, the company has raised $584.1 million to date, including a $110 million round in March last year. Cabify is a Madrid-based international multi-mobility company offering urban transportation services across Spain and Latin America. The company says it will use new capital to drive expansion into more cities in Spain and Latin America and to increase market share in its existing countries. Management plans to multiply revenues by three over the next three years as part of its strategic plan. Cabify reported an estimated turnover for 2022 that is 24% higher than in 2019 and 32% higher than in 2021. The company intends to expand to more than 25 cities across Latin America and Spain. Leadership frames the financing as support from strategic partners to accelerate delivery of its plan and create long-term value for investors and cities where it operates. Cabify operates a ride-hailing and multi-mobility platform across Spain and multiple Latin American markets. The company reports more than 42 million users and 1.2 million collaborating drivers and taxi drivers. Cabify is pursuing a fleet decarbonisation plan that targets a zero-emission fleet in Spain by 2025 and worldwide by 2030. To support that plan, it will deploy 1,400 electric vehicles in Spain and build the necessary charging infrastructure. The company secured a €40 million loan from the European Investment Bank to finance the decarbonisation project. The EIB financing is aligned with its Sustainable Development Goals work and supports investments in automotive and charging infrastructure to improve emission-free urban mobility where Cabify operates. Cabify operates a mobile ride-hailing platform that expanded from Madrid into multiple countries across Latin America and Iberia. The company’s digital model enables traceability of operations and transactions, reduces friction through technology, and supports compliance with regulatory and legal frameworks. Cabify reports more than 1,000 direct employees and offers self-employment opportunities to hundreds of thousands of driver partners. It aims to increase access to transport in Latin American cities while promoting social and environmental benefits, gender equality, and financial inclusion for drivers. Specific operational goals include reducing carbon emissions by lowering the average age of its fleet, increasing the number of women drivers, and improving drivers’ employment conditions, including help obtaining social benefits. The company is part of Maxi Mobility and continues to develop its platform across the region. Cabify is a Spain-based ride-hailing mobile app that provides on-demand transportation services across Latin America, Spain and Portugal. The company reports 13 million users globally. Its core product is a mobile app for ride-hailing. CEO Juan de Antonio said the fresh capital will be used to improve operations in existing markets. Financially, Cabify was valued at $1.4 billion after the latest raise and had previously secured $100 million nine months earlier. The company intends to use the funds to compete more efficiently against rivals such as Uber.

No current team members are available.