Marblegate Capital Corporation Closes on $137 Million in Financings to Support Fleet Operations Growth, Strategic Initiatives

Core Insights - Marblegate Capital Corporation (MCC) has secured approximately $137 million in financing to enhance its operations and expand its fleet through Signal Taxi, focusing on a "driver-first" approach [1][2] Financing Details - MCC closed a $120 million revolving loan facility with DZ Bank, New York Branch, and a $17.2 million term loan with Auxilior Capital Partners to support strategic growth initiatives [2] - The financing will enable Signal Taxi to invest in driver experience, expand its fleet of medallions and wheelchair accessible vehicles (WAVs), and explore new growth opportunities [1][2] Operational Expansion - In 2025, Signal Taxi added more vehicles than any other taxi fleet operator, contributing to over one-third of all new WAV vehicles in the market [3] - MCC plans to open two additional Taxi Clubhouses in New York City, building on the program initiated in 2023 with the first Taxi Clubhouse in Chelsea [3] Market Position - MCC claims to be the largest publicly traded company in the NYC taxi market, leveraging its extensive industry experience and operational capabilities to transform the taxi industry [4] - The company has played a significant role in the NYC MRP+ medallion debt relief program, aimed at providing financial relief to drivers affected by predatory lending practices [4] Company Overview - Marblegate Capital Corporation is a vertically integrated, full-service fleet operator and specialty finance lender in the NYC taxi market, specializing in NYC taxi medallions [5] - The company holds a loan portfolio collateralized by nearly 1,700 medallions and owns over 2,000 medallions, positioning itself as a leading lender and owner in the market [5]