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Cabify and Iberdrola sign strategic agreement to promote zero-emission mobility in Spain

This four-year agreement aims to facilitate access to Iberdrola’s public charging infrastructure, the most extensive in Spain and with a digital experience recognized by users, encouraging the electrification of VTC and cab drivers who collaborate with Cabify.

MADRID – Cabify, the international multi-mobility platform, and Iberdrola España, a leading renewable energy company, have reached a strategic agreement to promote the electrification of the platform’s self-employed VTC and taxi drivers. In this regard, a four-year agreement has been reached between the two companies with the aim of facilitating access to Iberdrola España’s public charging infrastructure at the best prices for Cabify’s collaborators, thus encouraging the electrification of vehicles with drivers (taxis and VTC).

The agreement between the two companies offers a series of discounts applicable to more than 2,200 recharging points distributed throughout Spain with a guarantee of 100% renewable electricity origin. In this way, Cabify’s collaborating drivers will be able to access an advantageous price on recharges made in Iberdrola’s public network. Through the Iberdrola Public Recharging App, they will be able to locate the equipment and know the status of the same at all times. This is a step further towards the digitalization of transport services. In addition, they will have special conditions on the price of private recharging equipment for installation in their homes in the case of self-employed VTC or cab drivers and the same conditions in company points in the case of fleets of more than one car.

This agreement reinforces Iberdrola’s Sustainable Mobility Plan, launched in 2016, as part of its commitment to sustainability and the environment, and as an effective way to combat climate change. The alliance with Cabify is in addition to the more than 60 agreements that the company has signed with public and private organizations to promote and lead the transition towards sustainable mobility and the electrification of transport.

For its part, this agreement is part of Cabify’s Sustainable Business Strategy, which seeks to promote the decarbonization of collaborating fleets with agreements with manufacturers and other companies that favor electrification with the goal that 100% of trips on the platform in Spain will be in zero-emission vehicles by 2025.

Cabify and Iberdrola, two companies committed to electrification

Iberdrola España was a pioneer in the development of public charging networks, with the installation of 40 7.4 kW chargers in 2016. Today, with more than 4,500 operational charging points, the company has the most extensive public network in Spain. Its app surpassed one million recharges in 2022 and is considered the best-rated by electric vehicle users.

In Cabify’s case, the EIB announced in December 2022 a loan aimed at boosting the electrification of the company’s own fleet. This financing, of 40 million euros, will go entirely to its decarbonization project, for the acquisition of more than 1,400 electric cars and the necessary charging infrastructure for them to operate on the platform. Currently, 80% of the fleet connected to Cabify has an ECO or Zero label, a figure much higher than that of the national fleet.

Advantages and exclusive categories for VTC and cab drivers

Cabify has the category ‘Cabify Eco’, which offers the user only electrified vehicles (electric, plug-in hybrids and hybrids), leaving out cars with higher emissions. This category is available to all those companies that move with ‘Cabify for Companies’ in Madrid, Barcelona, Seville, Valencia and Alicante and is already the most used category by companies traveling with Cabify. Specifically, in the case of the capital, this category accounted for more than 75% of corporate trips during the last month.

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Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.