Cabify continues to make its way through sectors that have nothing to do with the issue of passengers. In this sense, the Spanish unicorn launches Cabify Logistics, a new line of business to manage the company’s parcel service between companies and individuals. It is, according to company sources, a logical evolution of Cabify shipments –without neglecting the operability between shipments between individuals–. In other words, it is the creation of a new area that inherits the volume of professional shipments that were beginning to grow in the hands of the technology company.
At the moment with operations in Madrid, where they already have a warehouse in Coslada to manage storage and parcels, the new Cabify Logistics division plans to open new points. In Barcelona, Seville and Valencia depending on the volume of demand. Later, the goal is also to migrate to Latin America, where they also operate their shipping business. In fact, in Argentina, this division acts as an intermediary in the delivery sector, being the main partner of KFC and Wendy’s. In Spain, they point out, no movement is planned to approach this ecosystem in which, until now, Glovo reigns.
It was something that had to happen, they point out from the company. With almost 5,000 companies in total using Cabify parcel services and 50 employees in charge of the new division, the technology company only had to make the change official. One that, they point out, does not eliminate the previous parcel service that was born under the wing of the pandemic. Since 2020, the technology company entered the package business between individuals – not without tensions in the sector – through its cars with a VTC license after the endorsement of the Superior Court of Justice of Madrid to continue operating under this model. For Cabify Logistics, on the other hand, they have chosen a very different one. They confirm that the VTC business is not involved and use systems similar to other messaging services in the sector.
Not only messaging, Cabify now also store
In addition to managing shipments between companies and individuals, Cabify’s goal is to become a kind of Amazon – but without an application. An intermediary that manages the storage of a brand’s products before they are sold.
In this way, the technology company could agree with its clients on direct shipping. That is, pick up at the company, take it to the warehouse and send it to the buyer within the corresponding period. In addition to that, they propose to keep all the merchandise of the companies in question and that, in the event of a sale, it leaves directly from their headquarters without having to go through the seller. Colvin or Cervezas La Virgen, for which they would have cold stores to preserve the productswould be two of the companies that would be opting for this line of business.
All this requires, in any case, the creation of an entire logistics network that is capable of attracting and accumulating goods by Cabify Logistics. To do this, the company plans to dedicate an investment of just over 20 million euros to feed its new line of business. One that, they say, has managed to close 500,000 deliveries in 8 months.