7 Feb 19

Latin American startup Grow Mobility eyes US, Europe

Latin America based last-mile mobility group, Grow Mobility (Grow), is planning to expand its dockless bicycle and scooter scheme to countries outside of Latin America.
Grow, made up of Brazilian dockless bike and scooter sharing service Yellow, and Mexican electric scooter sharing startup Grin, is applying for permits to offer its services in the United States and Southern Europe, according to the group's Brazil co-director Marcelo Loureiro, Forbes said in in a report.
With at least US$259 million in secured funding over the last four months, the group currently operates 135,000 vehicles across six Latin American countries. 
Yellow closed a deal to team up with Grin in late January. The two accomplished a total of 2.7 million journeys over a six-month period last year.
Authored by: Daniel Bland