Cabify has raised funding of $110 million and says this will help the mobility company increase its market share in its operating countries. Cabify also aims to expand to more than 25 cities in Latin America and Spain and to enter the logistics market.
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The mobility brands Cooltra and Cabify have agreed to integrate Cooltra’s moped rental service on Cabify’s app. The service went live in Madrid, Barcelona and Valencia, where Cabify is making its first appearance.
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In Madrid the Spanish ride-hailing company Cabify is to operate the first fleet of the electric sedan presented by the Renault mobility brand Mobilize last year. This involves an initial 40 vehicles.
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Spanish ride-hailing company Cabify is receiving a loan of €40 million from the European Investment Bank (EIB) for its fleet decarbonisation project. This financing aims to deploy 1,400 electric vehicles in Spain over the next few years.
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