Madrid’s Uber rival Cabify raises €101.5M to accelerate its plan for sustainable mobility

Funding Rounds

▤ Summary

Madrid-based Cabify, a ride-sharing company, announced on Tuesday that it has secured $110M (approximately €101.56M) in funding to accelerate its strategic plan for profitable growth and sustainable mobility. In December 2022, Cabify received a loan of €40M from the European Investment Bank (EIB) to decarbonise its fleet of vehicles in Spain by increasing the availability of new electric vehicles and charging infrastructure across the country.

$ Funding

$
Amount - Total raised
□
Date - Announcement date
◎
Investors Cabify Lead investors
▥
Company - Funded company

▥ Classifications

industries
Telecommunications
applications
ERP & Process Management

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies