Cabify secures a €40m loan from the European Investment Bank for a fleet of electric vehicles

Mexico City – The European Investment Bank (EIB) has granted a €40m loan to mobility company Cabify to decarbonize its vehicle fleet in Spain.a project that will cost 82 million euros in total.

Cabify seeks to increase the availability of new electric vehicles and charging infrastructure in the country of origin. The goal is to deploy 1,400 electric cars (EV) for the company’s taxi business in Spain, as well as its associated digital and recharge infrastructure.

The investment contributes to EU goals, including phasing out carbon dioxide-emitting cars in urban transport, promoting a paradigm shift towards more sustainable patterns to reduce congestion and pollution in cities, and implementing EU legislation on air quality.

In Latin America, Kabify is the heir to the drivers and users left behind by Beat, the Greek-born mobility company that started electric mobility in the region. It left its markets to focus on Europe.

anyway capify It’s not who gets the Beat EV business either It has a strategy to decarbonize its entire fleet by 2030 in the seven countries with a presence in Latin America. While in Spain this target is expected to be achieved as early as 2025.

And the Spanish company Unicorn said in a written response to the Spanish company Unicorn, worth $ 1.4 billion Bloomberg Line Which since 2018 is carbon neutral and is progressing in reducing its footprint through operations such as integrating ECO vehicles – electric, gas and hybrid – and represents 11% of its fleet.

Through its project in Spain, it is expected to reduce average carbon dioxide emissions by 9 emissions per year, during the project evaluation period, as a result of replacing traditional fossil-fuel-powered cars with electric vehicles without exhaust gas emissions.

In the world, all mobility companies are making efforts to go electric. The Chinese company Didi, for example, is the company with the largest fleet of electric cars in the world.And the With a million of them already running through the streetsin some markets, which has already contributed to reducing 590,000 tons of carbon dioxide emissions annually,” the Chinese-origin company told Bloomberg Line.