Cabify offers three core classes of vehicles: Executive, Lite or Group (6 persons), serving corporate and private passengers, with corporate users being the strategic focus although private passengers account for most revenue. According to Cabify's 2024 financial results, the company generated approximately €759 million in total revenue and achieved a gross operating profit (EBITDA) of €34 million. The company emphasizes safety, quality service, and selective driver vetting as competitive differentiators.
Cyborg Score Rationale
Cabify achieved €759 million in revenue and €34 million EBITDA in 2024, demonstrating revenue growth and path to operational profitability. The company has successfully scaled across multiple Latin American markets and maintains strong brand recognition. However, regulatory challenges in key markets and increased competition from Uber and regional players limit upside potential.
Top Insights
2024 revenues of €759 million represent significant scaled operations, with EBITDA of €34 million showing improving unit economics
Cabify employs 4,242 total employees across its operations, indicating substantial organizational infrastructure
In May 2022, Cabify secured a EUR 40 million loan from the European Investment Bank to purchase electric vehicles for Spain to meet EU carbon elimination goals
Cabify is available in 8 countries in cities like Bogota, Lima, Madrid and Buenos Aires with offerings including car rides, motorcycle deliveries, and airport cabs
Named Competitors
Uber — Global ride-hailing and mobility platform
Careem — Ride-hailing service operating in Middle East, South Asia, and parts of Latin America
Ola — Indian ride-hailing and electric vehicle company
Lyft — North American ride-hailing platform
Recent Developments
(August 2022) Merged with Movo, expanding mobility service offerings
(May 2025) Reported 2024 financial results showing €759 million revenue and €34 million EBITDA
(January 2026) Continued service expansion and app feature development across Latin American markets
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