Intrepid Travel is investing in CABN, a company that will deliver over 70 off-grid, sustainable cabins throughout Australia by 2023
CABN’s latest experiences span 11 minimalist escapes in some of Australia’s most gorgeous locations. Just about every cabin is developed from regionally sourced and sustainable supplies, and has a ‘leave no trace’ philosophy.
Intrepid has invested AUD $7.85 million in an equity stake in the corporation. The investment will allow for CABN to continue to keep up with expanding desire considering that Covid-19, with an expected increase of annual home evenings from 4,000 to 26,000 across Australia.
Michael Lamprell, Founder and CEO of CABN, stated the partnership with Intrepid Journey will speed up CABN’s development:
“We are amazingly happy we have located the suitable companion to get CABN ahead. There is crystal clear alignment across our shared dedication to sustainability, the atmosphere and Indigenous culture. Intrepid Travel have extensive expertise in the sustainable travel place, and this partnership will permit higher chance to grow our off-grid lodging and experiences.”
“CABN’s supplying and company model aligns properly with our move into the lodging vertical and is a normal in shape within our eyesight to develop as a function-led adventure travel firm,” explained James Thornton, CEO of Intrepid Travel. “We know the CABN merchandise is of specific curiosity, not only to our current purchaser base, but to the escalating sector of travellers all over the world trying to find out authentic and sustainable travel experiences.”