iCabbi will soon expand its operations into Sweden, Norway, Finland, and Denmark after winning its bid to provide taxi booking and dispatch technology solutions to the largest taxi company in the Nordics, Cabonline.
Cabonline has 4,600 vehicles across the Nordic region, delivering approximately 16 million trips per year. The company is owned by H.I.G Capital, also with an ESG bond publicly traded on the Nasdaq Stock Exchange in Stockholm. Its revenue in 2021 was approximately EUR 413 million (SEK4.5 billion).
iCabbi, a Mobilize company, leads the global market in providing a fully cloud-based dispatch taxi technology platform that enables taxi companies to automate, optimise and grow their operations. It powers over 100,000 taxis every day around the world. While already servicing 20% of the Finnish market, the Cabonline partnership will see iCabbi launch in three new Nordic territories. Further iCabbi expansion into Europe will take place in the coming months starting with the Netherlands and Italy.
This announcement comes on the back of iCabbi hitting a major milestone in surpassing one billion bookings on its platform earlier this month. Growth is forecast for 2023 with a number of significant R&D projects set to launch. This will see iCabbi expand its product innovation team by 50 people over the next 18 months. A recruitment drive is already underway.
“iCabbi is delighted to be chosen as the technology partner of choice by the largest taxi operator in the Nordics, Cabonline” said iCabbi CEO, Gavan Walsh. “We’re both ambitious companies, looking to push the boundaries of efficiency, innovation and scale for taxi and mobility services. I’m looking forward to delivering Cabonline’s digital transformation on the iCabbi platform and I’m confident the partnership will be mutually beneficial”.
“By entering a partnership with iCabbi, Cabonline benefits from a market-leading solution, accelerating our growth journey and taking a big leap towards becoming Europe’s leading and most sustainable mobility company”, says Dag Kibsgaard-Petersen, President and CEO of Cabonline Group.
For further information, please contact:
Sinead Gillett, CMO iCabbi, Sinead@icabbi.com or +353 879 897 610
Dag Kibsgaard-Petersen, CEO Cabonline Group,
firstname.lastname@example.org or +47 400 11 981
iCabbi was founded in 2009 in Dublin,Ireland, where it continues to be headquartered. It powers over 100,000 taxis around the world with its intelligent dispatch platform. This includes a world-class passenger app, driver app, business solution, payment console, open API, and marketplace. iCabbi’s vision is to put taxi companies at the centre of mobility. iCabbi is part of the Mobilize ecosystem, which gathers all the mobility and energy-related services of the Renault Group. iCabbi currently operates in Ireland, the UK, the USA, Canada, Brazil, Australia, New Zealand, and Finland, with a number of European territories launching in the coming months, beginning with the Netherlands and Italy. Www.icabbi.com
About Cabonline Group
Cabonline is the leading taxi company in the Nordic region, with 2,600 connected transporters and 4,600 vehicles in Sweden, Norway, Finland, and Denmark. Cabonline operates a series of well-known brands, such as Flygtaxi, TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Taxi Väst, Umeå Taxi, Sverigetaxi, and Taxi 4×27. Through Cabonline, transporters have access to attractive customer agreements, support from industry-leading technology and efficient services where shared infrastructure delivers economies of scale. In 2021, Cabonline’s revenue was approximately SEK4.5 billion. For further information: cabonlinegroup.com/en
Mobilize, the brand of Renault Group dedicated to new mobility, offers a wide range of services around the vehicle thanks to an integrated technological platform: financing, insurance, payments, fleet management, energy, maintenance and refurbishing. Built around open ecosystems, Mobilize encourages a sustainable energy transition, in line with Renault Group’s goal of achieving carbon neutrality in Europe and its ambition to develop value from the circular economy. For more information visit Mobilize.com or follow Mobilize on Twitter, Instagram, and LinkedIn.