![]() Regarding investing and risk, Betancourt notes, “The way I see it is, ‘Nothing risked nothing gained.’ You have to take risks in order to succeed, but you also need to do your due diligence.” Still, he warns, “I don’t advocate taking crazy risks that's being foolish. Besides ride-hailing in cities, Auro offers private car services with its own dedicated drivers throughout the entirety of Spain. They can work part-time, taking on just a small number of jobs each month, or they can work full-time - 32 or more hours per week. The drivers for these vehicles are able to work according to their own schedules and can set their own wages. ![]() “It was a high-risk bet because we weren’t certain that market conditions would change in our favor, but we felt it was an important bet.”Īt present, Auro possesses more than 2,000 vehicles (forming Spain’s biggest fleet of private autos) to accompany its licenses. ![]() “We foresaw a time, like today, when these licenses would be very desirable,” explains Betancourt. His intuition convinced him to acquire 2,000 ride-hailing licenses for vehicles prior to there being a viable market for such a service in Madrid or other Spanish cities. But originally, he had a unique vision for car-sharing in Spain before almost anyone else did.
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