HomeFundingBarcelona-based taxi app addFleet gets €3 million from Telefonica and La Caixa

Barcelona-based taxi app addFleet gets €3 million from Telefonica and La Caixa

addFleet, a Barcelona-based provider of fleet management services has announced, just nine months after the company began, a €3 million investment from Telefónica and La Caixa.

The company’s solution includes the free taxi calling app, a similar web-based app for desktop use, location-based customer selection for taxis and a management panel for dispatch centre management. The complete system offers its app users a top service including an estimated time of arrival; taxi drivers benefit from lower waiting times due to the proximity technology as well as some fuel savings, while dispatch centers can manage service quality in real time. All this with a cloud based, turn-key, easy setup solution.

The addFleet funding is Telefónica Digital’s firstaddfleet-app homeland investment. London-based Spanish Telecom is specifically looking for technology solution providers to integrate in its portfolio, which is directed at more than 300 million customers worldwide. La Caixa’s venture capital arm, Caixa Capital TIC, is currently investing in the area of internet technologies, and jumped at this deal too.

We touched base with the founders to find what they plan to do with the money. Worldwide expansion is already under way, after testing in Europe and Latin America, and now specifically they’re focusing next on Brazil, Spain, Italy, UK and the US, with other Latin American countries to come. We talked about the price model and, given the cloud approach, the company can offer the platform to dispatch centers of any size.

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Reinaldo Ferreira
Reinaldo Ferreira
Reinaldo Ferreira is a serial entrepreneur and investor in technology companies. He lives in Porto and writes mostly about Portuguese startups and technology topics.
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