Roberto El BaladegoPresident of BBVA Spark, highlighted that “Cabify demonstrates that it is possible to promote the sustainable urban mobility model in major cities in Spain and Latin America in a way that is accessible to most citizens. Cabify’s zero-emission strategy “through progressive electrification of its fleet, is class-leading and fully aligned with BBVA vision.
to Juan Barbola“, Cabify CFO, “We are proud that BBVA is showing us their confidence in supporting these properties. We have a consistent goal of making cities better places to live, and we are progressing on this path thanks to the efforts of millions of drivers, users and thousands of employees who work day after day to promote more accessible and sustainable mobility options. We are changing the way people move and connect with cities, and we are also showing that we can achieve sustainability. “We are thrilled to have the BBVA team join Cabify as co-pilot on this flight.”
Sustainable growth in social, economic and environmental terms
Cabify continues to advance the goals set forth therein Sustainable business strategy 2022-2025 Among them stands out its commitment to sustainable growth, from a social, financial and environmental point of view. The Spanish company is investing in gradual decarbonisation and electrification until reaching 100% zero-emission flights on its platform in 2025 in Spain and 2030 in Latin America, which represents a global success story.
As evidence of its progress, the company recently announced its founding 200 new electric cars in Madrid, which will operate Vector, a subsidiary of the group. Thanks to this addition, one in four Vector vehicles is now labeled Zero, while the rest are labeled ECO. In Spain, Cabify was the first company in its sector to reduce overall travel emissions through the platform, despite the increased volume of trips in this period.
Currently, BBVA Spark has gained the trust of more than 800 customers and has committed approximately €250 million in bank financing.
