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Cabify grows 32% in 2022 global level after increasing the number of trips

Date: April 12, 2024 Time: 21:14:46

Cabify entered a total of 688 million dollars (624 million euros) globally during the past financial year, which represents an increase of 32% compared to the previous year. The company obtained 32% more trips, up to 91 million trips. Parallel to this progress in billing and in the trips made, the Spanish mobility company obtained a gross operating result (Ebitda) of 79 million dollars (72 million euros), also 32% more than in 2021.

Cabify defends that with these figures, the results reached a balance point, thus strengthening its ability to make its business profitable worldwide, combining the trips of its clients and those made by its logistics unit.

The passenger area reported a year-on-year increase of 29% in the number of people transported, while Cabify Logistics, currently present in 4 Latin American countries, reported a year-end revenue three times higher than January 2022, adding more of 3,000 companies, its portfolio of more than 5,000 clients.

direct employment of the team

In terms of direct employment, the technology platform team grew to 1,009 employees globally, 8% more. In terms of sustainability, the company increased its fleet of electric vehicles by 139% and by 178% during the number of kilometers traveled in electric vehicles by 2022, heading towards its goal of achieving a fully decarbonised fleet by 2025 in Spain and by 2030 in Spain. Latin America.

Along these lines, although the company increased the number of kilometers traveled by 26% compared to 2021, total emissions grew by 9%, thus reducing the average CO2 emission rate of the fleet by 10.8% in Spain and 14.8% in Latin America. This means that each car connected to Cabify in Spain in 2022 had an average emission of 95.9 grams of CO2 for each kilometer traveled, an index that in Latin America stands at 103.3 grams of CO2/km.

Among the steps that the company took to accelerate the transition towards electric mobility, is the loan of 40 million euros granted by the European Investment Bank for a project of a total of 82 million euros, focused on the acquisition of vehicles electricity and the necessary infrastructure for its operation in Spain. Likewise, in Latin America it closed alliances for the promotion of both hybrid and electric vehicles with partners such as Ezero in Mexico.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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