Marblegate Capital Secures $137 Million to Enhance NYC Taxi Operations

Marblegate Capital Corporation (MCC), the leading fleet operator and specialty finance lender in New York City’s taxi market, recently announced the closure of two significant financing transactions totaling around $137 million. The funds are earmarked for expanding and modernizing their full-service fleet operator, Signal Taxi.

This new funding consists of a $120 million revolving credit facility with DZ Bank’s New York branch and a $17.2 million term loan arranged with Auxilior Capital Partners. The capital injection will play a crucial role in furthering MCC’s objectives, which center on enhancing driver experience, investing in more medallions, wheelchair-accessible vehicles (WAVs), and uncovering new growth initiatives.

Growth in the Taxi Market

In 2025, Signal Taxi and its partners managed to add a greater number of cars than any other taxi fleet operator in NYC. They accounted for over one-third of newly introduced WAV vehicles in the market. Recently, MCC also announced plans for the establishment of two additional Taxi Clubhouses in New York City, which will extend the program introduced in 2023 with the city’s first Taxi Clubhouse based on West 22nd Street in Chelsea.

MCC appears to hold a prominent position as the largest publicly traded company of its type in the NYC taxi sector. Capitalizing on the expertise and extensive industry experience from Marblegate Asset Management, MCC aims to transform the taxi sector by institutionalizing operations and enhancing the overall business model.

Commitment to Industry Transformation

One of the notable initiatives taken by Marblegate Capital was their involvement in the NYC MRP+ medallion debt relief program. This innovative program sought to assist drivers who were previously entangled in predatory lending practices, thereby promoting a healthier business environment within the industry. This initiative catalyzed meaningful changes and is integral to the ongoing recovery observed in the taxi market.

A Deeper Look at Marblegate Capital Corporation

Marblegate Capital Corporation (OTCQX: MGTE) is recognized for its vertically integrated approach as a full-service fleet operator and a specialist finance lender focused on the NYC taxi market. They operate a lucrative loan portfolio secured by nearly 1,700 medallions and are believed to be the largest lender and owner of NYC taxi medallions, maintaining a substantial fleet that includes over 2,000 medallions. Their success is anchored in a thorough understanding of the taxi industry, enabling them to emerge as a major force driving meaningful reforms within this sector.

As the company continues to grow and expand its operational capabilities, its commitment to creating a more equitable, efficient, and driver-friendly environment remains unwavering. Marblegate Capital is a key player in the revitalization of the NYC taxi market, fulfilling an essential role in shaping its future for drivers and passengers alike.

With substantial financing secured, MCC is poised to enhance not only their services but also the quality of the driving experience, positioning Signal Taxi at the forefront of a rapidly evolving landscape in the urban transport sector.