Cabify has reported significant progress towards its goal of achieving a fully decarbonized fleet by 2025 in Spain and 2030 in Latin America. The international multi-mobility company reported that they have increased their fleet of EVs globally by 139% and the number of kilometres travelled in electric vehicles during 2022 by 178%.

Although the company has increased by 26% the number of kilometres travelled globally compared to 2021, carbon emissions have only grown by 9%, and have managed to reduce the average CO2 emission rate (g Co2/km) of the fleet by 10.8% in Spain and 14.8% in Latin America.

In this sense, each car connected to Cabify in Spain in 2022 has had an average emission of 95.9 grams of CO2 per kilometre travelled, a rate that in Latin America stands at 103.3 grams of CO2/km.

Juan de Antonio, CEO and founder of Cabify, said:

“To continue improving our cities, we are committed to sustainable growth. We are able to generate our own resources that we invest in new services and products with high-added value for our users, corporate mobility clients, and collaborating drivers.


“If we want millions of people to decide not to use their private cars in the city, we must offer them safe, sustainable, and accessible alternatives that meet their different needs.”

At the end of 2022, the company formalised a loan of 40 million euros from the European Investment Bank for a project totalling 82 million euros, focused on the acquisition of electric vehicles and the necessary infrastructure for their operation in Spain. In Latin America, alliances have been closed to promote hybrid and electric vehicles with partners like Ezero in Mexico.

In May 2022, the company launched in Spain the Cabify Eco category, exclusively for companies, which offers company employees to travel only in electrified vehicles (hybrids, plug-in hybrids, and electric). One year later, more than 80% of corporate trips made through the Cabify app in Spain are made in this category which has resulted in savings of more than 100,000 litres of fuel.

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