Taxelco will acquire 200 new electric vehicles, bringing the company’s taxi fleet to around 350 cars.
These acquisitions are possible thanks to the injection of some $17 million by the company’s partners, namely the Caisse de depot et placement du Québec, the Fonds de solidarité FTQ and the XPND Capital fund, it was announced on Wednesday.
As many as 600 taxi drivers and support workers will be hired this year, along with 20 information technology and quality assurance professionals. Ultimately, nearly a thousand drivers will be employed by Taxelco in the Montreal area.
The company also wants to set up an “ultra-modern” operations center and expand its network of electric charging stations. She also wants Taxi Diamond and Taxi Hochelaga to be subject to “short-term” technological development.
Set up in 2015 by businessman Alexandre Taillefer, Taxelco also includes Téo Taxi, which employs salaried drivers and uses information technology to reach its customers. The company hopes to achieve profitability in 2018 and export its business model outside the metropolitan area in 2019.