Ride-hailing company
Cabify
has received a €40 million loan from the European Investment Bank (EIB) to purchase 1,400 electric vehicles.
The investment from EIB, which also includes the associated electric vehicle charging equipment, will help Cabify achieve its target of a zero-emission fleet in Spain by 2025 and worldwide by 2030.
The EIB says the loan supports its sustainability goals around climate action as well as sustainable cities and communities.
It says: “The project contributes to EU objectives of phasing out conventionally fuelled cars in urban transport, modal shift to more sustainable modes to reduce congestion and pollution in cities and the implementation of EU legislation on air quality by reducing urban transport-related air pollution.”
Cabify has received funding of around $500 million including
$160 million in early 2018
and $120 million in April 2016.
Juan de Antonio, CEO of Cabify, joined the How I Got Here podcast last year to talk about the company’s strategy and growth.
Watch the full interview here:
How I Got Here, episode 61 - Juan de Antonio of Cabify