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.
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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.
