Spanish mobility firm Cabify is to launch a tender process in early 2023 to acquire electric vehicles (EVs) and create a charging infrastructure to power these zero-emission cars.
Cabify has secured a €40 million loan from the European Investment Bank (EIB) to help decarbonise its fleet. The entire project will cost a total of €82 million and will see the purchase of 1,400 EVs.
The ground transport specialist said it would be looking for zero-emission cars with an operating range of more than 400 kilometres, as well as installing fast chargers as part of a dedicated infrastructure network around Spain.
The project will see Cabify deploy its new EVs for its ride-hailing services in Spain and will allow the company to phase out CO2-emitting cars in its home market by 2025 and then across its worldwide operations by 2030.
Juan de Antonio, CEO of Cabify, said: “We are committed to accelerating the green transition in urban mobility in every market we operate. This is our core, making cities better places to live, and sustainable mobility is key for that to happen.
“The decarbonisation of our fleet in Spain plays a central role in this commitment, and the European Investment Bank's support proves this progress's strategic impact.”
The European Union is aiming to have at least 30 million zero-emission cars on its roads by 2030 through its Sustainable and Smart Mobility Strategy.
Ricardo Mourinho Felix, vice-president of the European Investment Bank, added: “Sustainable transport investment means greener infrastructure for a future without fossil fuels. The EIB loan plays a role in supporting Cabify to achieve its decarbonisation target in Spain.”