News
Iberdrola España and Vecttor (Cabify Group) sign an agreement to decarbonise urban mobility
- This long term agreement is for trading in energy saving certificates
- Monetising energy savings will allow Vecttor to further expand its fleet of zero emission vehicles nationwide
- Both companies consolidate their strategic relationship initiated in 2023 to promote zero-emissions mobility
Iberdrola España has signed a long-term agreement with Vecttor, a leading ride-hailing services company and subsidiary of Cabify group to trade its energy saving certificates. This mechanism allows Vecttor to monetise the energy savings from replacing combustion vehicles with 100% electric vehicles. The agreement progresses in electrification and independence from fossil fuels.
This is in addition to other initiatives developed in the past between Iberdrola España and Cabify Group and consolidates their shared commitment to the decarbonisation of electric mobility Iberdrola España and Cabify also have an agreement to encourage the electrification of the ride-hailing services who work with the platform to make it easier for them to access the energy company's public charging infrastructure.
‘For Iberdrola España, promoting electric mobility with Cabify group is a decisive step forward in its strategy of promoting more sustainable cities and improving air quality for their residents. Partnerships like this allow us to move towards electrifying the economy, which implies an improvement in Spanish production", says Luis Buil, Director of Smart Solutions at Iberdrola España.
For Vecttor, this agreement represents an important step forward in its commitment to electrifying its fleet nationwide, facilitating the reinvestment of these profits in new 100% electric vehicles. ‘This partnership with Iberdrola España is another step forward in our commitment to decarbonised and environmentally friendly mobility. Initiatives like this one are fundamental to establish strategic agreements that transform the industry's landscape, turning sustainability from an aspirational goal into a tangible reality within everyone's reach’, says Jacobo Domínguez - Blanco, CEO of Vecttor.
