Cabify Raises Record $900 Million, Advances on Decarbonization Goals
In terms of job creation, it was also a good year for Cabify, which increased its employee size by 22% to exceed 1,200 people at the end of the year.
CapifyIbero-American Mobility Company, It has presented strong balance sheets and announced that it continues to advance its decarbonisation targets.
Specifically, he reported that 2023 was the best year in the company’s history in terms of businesswith Business volume grew by 31%, reaching US$899 million. At the global level, this is the third year in a row in which the company’s business volume has witnessed an improvement of more than 30%, after recording increases of 32% in 2022 and 44% in 2021. With regard to gross profit, Cabify reported a total of $111 million in full-year 2023.An increase of 41% compared to last year.
In his column car orderthe main business of Cabify, is to vary depending on the region into which the company is divided Spain and Latin Americawas very similar in terms of billing, with 32% and 29% growthrespectively.
related Capify Logistics Servicesthe latest divisions of the company, Cabify continues to make investments to bet on its profitable growth. Although it still represents a small percentage of the company’s total business, it doubled its income in 2023 thanks to the broad growth of new business lines such as 24-hour deliveries.
“The results obtained in 2023 are a reflection of the trust that users and businesses place in Cabify. Day after day, we help millions of people move around cities in a sustainable way, reducing dependence on private cars, generating income for hundreds of thousands of drivers who connect to the app, and improving the quality of life in these cities.pass Juan de Antoniofounder and CEO of Cabify.
On the other hand, the company reported this R&D investment in 2023 to reach $24 million, up 34% from 2022. In total, the company has invested more than $75 million in the past five years.
In terms of job creation, it has also been a good year for Cabify since then. It increased the size of its employees by 22% to exceed 1,200 employees at the end of the year. Nearly 46% of these professionals are headquartered in Spain, while the other 54% work locally from the different markets in which they are located or remotely.
Growth in terms of cooperative drivers and taxi drivers was similar globally, with a growth rate of 20% of new professionals connect to the app to develop their business. the total, More than 310,000 drivers around the world I took at least one Cabify-connected trip in 2023.
Cabify announced this through a statement: Maintains progress towards meeting the anticipated electrification challenges set out in its Sustainable Business Strategyand how to achieve a completely carbon-neutral fleet by 2025 in Spain and 2030 in Latin America.
In this area, thanks to the efforts of cooperation, independent fleets and Cabify’s own engine, this has been achieved Average CO2 emissions per kilometre reduced by 6% in Spain and 2% in Latin AmericaIn Latin America, the volume of electric vehicles has increased by 1.5 in the past year.
Among the most prominent landmarks, Cabify announced at the end of 2023 the purchase of 200 100% electric vehicles in SpainThis operation is part of the Fleet Decarbonization project running on the Cabify platform, supported by the European Commission, which through the European Investment Bank (EIB) is participating in financing this transformation, both for the purchase of vehicles and private charging infrastructure.
In Latin America, the company continues to advance through the strategic alliances it has made in recent years that will allow this Continue integrating hybrid and electric cars into the fleet.
(tags for translation) Cabify
