Uber will offer Tembici bicycle service in Brazil – 05/04/2023 – Market

Uber announced on Wednesday (5) an agreement with Brazilian bikeshare company Tembici to make electric and conventional bikes available on its app in Latin America.

Bikes sponsored by Tembici and Itaú will be available for rent on the company’s app initially in the city of Recife, but the initiative will later be expanded to São Paulo, Rio de Janeiro, Brasília, Salvador, Porto Alegre and other Latin American cities where Tembici operates.

“This partnership underscores the important role that car-free options are increasingly playing in Uber’s strategy to achieve zero carbon emissions,” said Annie Duvnjak, the company’s global head of micromobility.

Tembici, which in addition to Brazilian cities also operates in Santiago, Chile, Buenos Aires, Argentina, and Bogotá, Colombia, has received investments from International Finance, Valor Capital, Redpoint eventures and Crescera Capital in recent years.

Earlier this year, the company also obtained a BRL 160 million loan from the BNDES to expand the capacity of its factories in the cities of Manaus and Extrema. The company hopes to end 2023 with 30,000 bicycles on the streets of Latin America, a third of which are electric.

Uber said the bike stations will appear in the app soon, but it did not provide a specific date or disclose amounts involved in the deal.