Telefónica and Caixa pump €3m into addFleet
Telefónica Ventures, the VC arm of telecommunications firm Telefónica Digital, and Caixa Capital have backed transportation network operator addFleet with €3m.
Caixa invested through its technology venture fund Caixa Capital TIC. The transaction is Telefónica Ventures' first in Spain.
The investment will support the commercialisation of the company's products.
Company
Founded in Barcelona in January 2012, addFleet operates a transportation mobility system based on cloud computing. The system uses mobile devices to connect vehicles to taxi dispatch centres and users. Users download a free app for mobile devices to request taxi services. They are then able to track the car's approach.
addFleet is currently running a pilot test using 200 vehicles across European and Latin American countries.
People
Marcelino Armenter is CEO of Caixa Capital Risc.
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