Spanish company CapeviVehicles with drivers (VTC) and taxis increased their total revenue by 40.9% in 2023 compared to the previous year, to reach EUR 102.7 million (USD 111 million), with an increase in business volume in Latin America.
CEO and Founder of Cabify, Juan de AntonioThe company highlighted, at a press conference in Madrid, today, Wednesday, that the company ended 2023 as the best year in its history in terms of business, with its sales growing by 30.7% compared to the previous year, reaching 830.2 million euros.
In discretionary transport, VTC and taxis, the main business of CapeviThe disparity by region, which the company divides into Spain and Latin America, was very similar in terms of billings, with growth of 32% and 29% respectively.
Read also: Cabify seeks to increase participation in the Peruvian market: what is its strategy?
in order to Capivi LogisticsHe noted that although it still represents a small percentage of the total business, it has doubled its income thanks to the growth of new lines such as 24-hour delivery services.
This type of business exists in Argentina, Chile, Colombia and Peru“,”The growth reflects the significant opportunities available to the company in these markets.“According to the president.
Capevi It is present in more than forty cities in Spain, Chile and Argentina. PeruColombia, Mexico and Uruguay, and employs more than 1,200 employees, about half of whom are based at its headquarters in Madrid.
Read also: Find out the safest and most dangerous taxi apps in the country, according to Indecopi
Start excelling in the business world by receiving the most exclusive news of the day in your inbox. hereIf you don’t have an account yet, sign up free And be part of our community.
(Translation tags) Cabify