Cabify and Autonomy promote electromobility in Argentina

By Cabify

This is an automated translation of the original press release issued in Spanish

Buenos Aires, November 20, 2024.- Cabify, a mobility company that develops technology to transform cities, announces a milestone in its alliance with Autonomy, a “Rent to own” vehicle rental company, which will accelerate the path towards the electrification of its fleet in Argentina.

Thanks to this alliance, which will have several stages, Cabify will incorporate electric vehicles into its fleet, allowing its users to enjoy more sustainable trips and reduce their carbon footprint.

José Luis Spagni, Head of Customer Operations, said:   “We are excited to continue strengthening this alliance, which will allow us to advance our transition process towards cleaner and more sustainable mobility. We want our users to be able to enjoy comfortable and safe trips, in a sustainable way.”

For its part, Autonomy, through its innovative rental model, will facilitate drivers' access to electric vehicles, generating new income opportunities and contributing to the decarbonisation of transport.

“The agreement, unique of its kind in the country, has as its counterpart Banco del Sol, the digital bank of Sancor Seguros and leader in the design of financial solutions for companies. It is an important step as it strengthens our operation in the country ,” said José Trusso, founder of Autonomy.

Key benefits of this alliance:

• Sustainable mobility: Availability of electric vehicles for Cabify users, reducing emissions.
• Economic advantages: New opportunities for driver users, thanks to the rental of electric vehicles, enabling an improvement in the variable cost associated with fuel expenditure and under the “Rent to own” model, which allows the option of renting with the option to purchase vehicles.
• Meeting global objectives: Contributing to the United Nations sustainable development goals and the fight against climate change.

With this initiative, Cabify reaffirms its goal of achieving a 100% electric fleet in Latin America by 2030. The electrification of the fleet is a key part of the company's strategy to build a more sustainable future and reduce its environmental impact.

About Cabify

Cabify is an Ibero-American mobility company that develops technology to transform cities into better spaces to live in and make them more sustainable, accessible and humane.

With operations in 6 countries (Spain, Chile, Argentina, Peru, Colombia and Uruguay) and more than 40 cities, Cabify seeks to improve the way users, companies and drivers connect in a safe, flexible and quality manner.

Founded in Madrid (Spain) in 2011, Cabify has been a pioneer in the creation of a new mobility in Latin America. It has more than 50 million registered users, 1.5 million collaborating driver partners and more than 1,000 employees worldwide. In addition, it has always been committed to talent and integration with local communities, declaring 100% of its activity in each of the countries in which it operates.

In its commitment to cities, Cabify has taken on the most ambitious environmental sustainability goals in the sector worldwide: to be a zero-emission company by 2030 globally. In 2018, it became the first carbon-neutral company in its sector, and since then it has offset all its emissions and those of the trips made on the app.

For more information: www.cabify.com

About Autonomy

Autonomy is a company that eliminates financial barriers to accessing cars through a “Rent-to-Own” model, which allows people who lack the capital to buy a car to generate income with Cabify, providing job opportunities that contribute to their upward social mobility. In addition to its social impact, Autonomy also has a positive environmental impact, being the first company in Argentina to have a fleet of electric vehicles for rent to app drivers.