WeTaxi
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
WeTaxi - overview
Established
2015
Location
Turin, -, Italy
Primary Industry
Transportation Services
About
WeTaxi srl, based in Italy, operates a fixed-price taxi service, enhancing the booking and payment experience through its mobile application, catering to urban commuters and visitors across various Italian cities. WeTaxi srl is a taxi booking service founded in 2015 in Turin, Italy. The company provides a mobile app for users to book fixed-price taxi rides. The founders, Angelo Sandron and Luca Gobbato, have aimed to streamline taxi services in metropolitan areas.
The latest funding round, which took place on July 27, 2023, raised EUR 2 million from investors including Azimut, CDP Venture Capital, and Club Degli Investitori, bringing the total amount raised to EUR 2 million. WeTaxi has completed three deals in total. WeTaxi operates as a fixed-price taxi service, providing a mobile application that streamlines the process of booking and paying for taxi rides. The core offering includes the user-friendly app, which enables users to request a taxi, view predetermined fares, and manage payments without cash or cards.
Collaborating with major taxi cooperatives in Italy such as Taxitorino, Samarcanda, and Consortaxi, WeTaxi serves a diverse client base across urban areas, focusing on convenience and cost transparency for metropolitan users. In the most recent year, 2023, WeTaxi reported revenue of EUR 1,930,141. 50 and an EBITDA of EUR -37,022. 20.
The company's revenue model relies on transaction fees from each booking made through its platform, ensuring that clients can access a reliable and efficient service with fixed fares agreed upon before rides, which enhances transparency in pricing. WeTaxi srl plans to leverage the recent EUR 2 million funding raised on July 27, 2023, to enhance its platform and expand its service offerings. The company is exploring the development of new features for its mobile application to further improve user experience. Additionally, WeTaxi aims to expand its operations into new geographical markets, specifically targeting other major Italian cities and potentially looking into international expansion in the near future.
Current Investors
Mediocredito Italiano, Maider srl, Club Degli Investitori
Primary Industry
Transportation Services
Sub Industries
Car Hire Services
Website
www.wetaxi.it
Verticals
E-commerce, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
WeTaxi - timeline of key events
WeTaxi - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 468 | 3,370 | 121,935 | 174,968 | 598,833 | 289,118 | 538,057 | - | - | - |
| % Revenue Growth (YoY) | - | 620.1% | 3518.2% | 43.5% | 242.3% | (51.7%) | 86.1% | - | - | - |
| EBITDA (USD) | 7,802 | 4,070 | 105,219 | 59,160 | (62,339) | (1,018,998) | (960,531) | - | - | - |
| Operating Income (USD) | (481) | (5,274) | 83,627 | (54,669) | (382,660) | (1,472,891) | (1,561,454) | - | - | - |
| Operating Margin | (102.8%) | (156.5%) | 68.6% | (31.2%) | (63.9%) | (509.4%) | (290.2%) | - | - | - |
| % EBITDA Margin | 1667.1% | 120.8% | 86.3% | 33.8% | (10.4%) | (352.5%) | (178.5%) | - | - | - |
| NET Income (USD) | (899) | (3,921) | 59,000 | (61,366) | (397,857) | (1,493,165) | (1,573,638) | - | - | - |
| % Net Margin | (192.1%) | (116.4%) | 48.4% | (35.1%) | (66.4%) | (516.5%) | (292.5%) | - | - | - |
WeTaxi - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.