Cabify- A Multi-Mobility Platform that is Revolutionizing the way people Travel in Cities
Cabify is a multi-mobility platform for people and objects that have revolutionized the way people travel in cities. The company has various alternatives to reduce urban travel in private cars, taking advantage of technology to make cities better places to live. The company was founded in May 2011 by Juan de Antonio, who started with a vision to create a transportation platform that would provide safe, reliable, and efficient transportation services to people in urban areas.
Cabify operates in Spain and Latin America and it provides two services, one for businesses and another for individuals. Cabify was such a major hit that since its establishment in 2011, it has gone out to become Spain’s first ever Unicorn company.
History of Cabify
Cabify was founded in 2012 by Juan de Antonio who was born and raised in Spain. He is a Spanish entrepreneur, telecommunications engineer, and graduate of Stanford University. He initially tried to introduce electric vehicles in European cities but received a lot of negative market feedback due to the high upfront cost and thus De Antonio was motivated to create a vehicle-for-hire company.
He founded Cabify with the aim of disrupting the traditional transportation industry and creating a new way for people to get around the cities.
Cabify started a small startup company in Madrid Spain and initially, it was called “Executive”. Since its establishment, it has moved on and expanded to over 90 cities across Europe and Latin America. The company offers a variety of transportation services, including private cars, taxis, and ridesharing, and all of it is done by using an application.
In June 2013, it launched Cabify Lite, a service that offered mid-range vehicles that were usually cheaper than taxis. Cabify partnered with Waze in 2016 and it helped them to complete trips more quickly with the customers. This partnership also helped Cabify to improve drivers and passengers’ safety.
The company had to halt operations until further notice as a result of a violent taxi driver strike that took place in Barcelona in July 2018. In May 2022, Cabify acquired a 40 million loan from the European Investment Bank to purchase a fleet of electric vehicles for use in Spain.
Factors Behind the Success of Cabify
One of the key factors behind the success of Cabify has been its focus on safety and reliability. The company has invested significantly in ensuring that all its drivers are properly licensed, insured, and trained. It also uses advanced technology to track its vehicles in real-time and ensure that its passengers are always safe. Another factor for Cabify’s success is its commitment to sustainability. The company has implemented a number of environmentally friendly initiatives, such as using electric and hybrid cars. which reduces the carbon footprint and contributes to a more sustainable future.
Cabify’s success has not gone unnoticed as the company has received a number of awards and accolades over the years. In 2017, Cabify was named one of the 50 most disruptive companies in the world by CNBC. The work of the company has also been recognized for its commitment to sustainability, receiving awards such as the Eco-Mobility award from the United Nations.
Juan de Antonio had a vision when he started Cabify and it is his vision and leadership that have been the critically important factors for the company’s success. He has led the company through its rapid expansion and has ensured that it maintains a strong focus on safety, sustainability, and reliability. Under the leadership of Juan de Antoni, Cabify has become one of the most successful transporting companies in the world and it continues to grow and innovate in new and exciting ways.
In addition to being the CEO of the fastest-growing company in the world, Juan de Antonio is also an active investor and mentor in the startup community. He is passionate about entrepreneurship and is helping a lot of entrepreneurs to succeed and has invested in a number of other startups over the years.
Cabify as a transportation networking company has disrupted the traditional transportation industry and has created a new way for people to get around in cities. The founder and the mastermind behind the company, Juan de Antonio has been instrumental in the success of the company, leading it through its rapid expansion and ensuring that it maintains a strong focus on safety, reliability, and sustainability. With its commitment to innovation and its dedication to providing the best possible transportation services to its customers, Cabify is well-positioned to continue its growth and success in the years to come.