Cabify, platform taxi company, announced his departure from Mexico after more than 12 years of operating in the country due to the failure of its business model.
On Wednesday, September 11, Cabify announced that it will be leaving the Mexican market after conducting an analysis process in which it concluded that operations in the country are no longer profitable.
The taxi company said its business model ““it has not worked as expected” and? There are also no future growth opportunities identified in Mexico..
Cabify’s new emergency button. (Cabify)
Cabify will stop operating in Mexico as of October 11
In a statement, Cabify revealed that from next Friday, October 11 will cease operations in Mexico.
The company said that the “difficult decision” to leave the country has already been communicated to its driver partners, passengers and companies that currently use the company’s services.
“(…) this difficult decision has been taken will be effective on October 11. All driver partners, passengers and companies that use Cabify Mexico’s services have been duly informed and have been thanked for the trust placed in them,” said Cabify Mexico.
According to the firm, a total of five of its employees in Mexico have been affected by the announced cessation of operations in the country, and they have already been notified personally and their contribution has been recognized.
Cabify He promised to give them resources so that they can find a new professional project as soon as possible.
Cabify (The Power of the Word)
Cabify says goodbye to Mexico after 12 years of operation
According to the Spanish company itself, Cabify created a local society from its I entered Mexico 12 years ago.
This, he said, made Mexico one of the first countries in Latin America to have the taxi app service.
During his time in operation, he highlighted that from the beginning It was established under Mexican laws.
He noted that for the moment, in the rest of the Latin American countries where it has a presence, Cabify will continue to operate normally, since “Relevant sustainable growth data are shown”.
“Cabify will continue to focus on promoting increasingly accessible, sustainable and humane mobility,” the company added.
Thus, Cabify joins other applications such as BEAT that ended up losing ground to other applications such as Uber y DiDi.
2024-09-13 01:03:28