11 Mar 20

Latam’s Grow Mobility has been sold

Latin American micro-mobility solutions company Grow Mobility has been sold to the Mountain Nazca investment fund (owner of Brazilian e-commerce website Peixe Urbano) and other Latin American companies for an undisclosed price.

The company, which provides dock-less Yellow bike and e-scooter sharing services as well as Grin e-scooter services, removed its mobility assets from Brazilian streets in January to carry out operational adjustments such as verifying the operational condition and safety of its vehicles.

The company intends to continue operating in three of the 17 Brazilian cities it previously operated in, being the state capitals of São Paulo, Rio de Janeiro and Curitiba (Paraná state). 

Located in a total of seven countries throughout Latin America, Grow Mobility is considered the third largest micro-mobility company in the world, according to local paper Tribuna Paraná.

Authored by: Daniel Bland