Cabify, the Spanish shared mobility company, showcased their LATAM investment plans. They expect that 100% of shared rides on their platform will be on electric vehicles by 2030.
Likewise, Cabify revealed their new 2022-2025 sustainable business model, which will have an investment of $44 million USD . This investment will focus on research development in the 7 Latin American countries covered by the platform.
This new investment strategy is aligned with the UN’s Sustainable Development Goals and has three pillars focused on people, the planet and prosperity.
It is expected that this strategy will produce over 70 projects in 2022.
Since 2018, the company presented a sustainable mobility strategy which caused that, during the last year, EVs, Hybrid and natural gas-fueled vehicles increased their numbers in the app. Currently, they represent 11% of the total fleet.
Cabify assured that they developed a technology capable of optimizing user’s rides and urban courier delivery.
In 2021 alone, their CO2 emissions per kilometer in user’s rides was reduced from 128 to 121 , in relationship to the year 2020.
In a remarkable feat, in 2021, Cabify compensated over 60,000 CO2 tons in local projects such as reforestation, wind-power and biomass, in each of the countries where they operate. Specifically in Mexico, their compensation project was executed in the Eolic complex Oaxaca II-III-IV.
Finally, they reported that in the following 4 years, they anticipate to affect 750,000 citizens through accessibility initiatives in several local communities.
Additionally, they assured that for their drivers, the app’s goal is to increase the investment addressed to them by 55% during 2022.
Cabify’s decision adds it to the projects of several shared mobility apps such as Uber, DiDi and Beat, all of them having announced recently new investment strategies for both drivers and the environment to reduce carbon emissions and provide a sustainable and eco-friendly alternative.
Cabify has done an amazing work, don’t you think? A company incredibly committed with the environment. Kudos for them!
