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Cabify's Growth and Decarbonization
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Madrid-based Cabify, a leading transportation company, experienced a 32% global growth in 2022, reaching a gross revenue of 626 million. The company aims to achieve a fully decarbonized fleet by 2025 in Spain and 2030 in Latin America. Cabify has significantly increased its electric vehicle fleet and reduced CO2 emissions. It secured a loan from the European Investment Bank for electric vehicle acquisition and expanded its services in Latin America, while also launching a new logistics business division. Celebrating its ten-year milestone in Chile, Mexico, and Peru, Cabify has shown remarkable growth and commitment to environmental sustainability.
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How does Cabify's focus on decarbonization and electric vehicles impact the transportation industry as a whole?
How might Cabify's expansion into logistics and its commitment to sustainability influence the future of urban transportation?
What challenges might Cabify face in achieving its goal of a fully decarbonized fleet by 2025?
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