Latin American micromobility firms merge to form Grow

Two micromobility firms in Latin America have joined forces to create a new outfit, Grow Mobility. Electric scooter company Grin, and dockless bike provider Yellow, have merged and say they plan to double their combined 135,000-strong fleet. Currently in six countries - Brazil, Mexico, Colombia, Peru, Uruguay and Chile - Grow will expand into “new markets”, the new entity says. For the moment, the companies are maintaining their separate apps and brands under the Grow holding company, and they hav
February 12, 2019 Read time: 2 mins

Two micromobility firms in Latin America have joined forces to create a new outfit, Grow Mobility.

Electric scooter company Grin, and dockless bike provider Yellow, have merged and say they plan to double their combined 135,000-strong fleet.

Currently in six countries - Brazil, Mexico, Colombia, Peru, Uruguay and Chile - Grow will expand into “new markets”, the new entity says.

For the moment, the companies are maintaining their separate apps and brands under the Grow holding company, and they have a combined staff of 1,100.

Grow will build its own proprietary digital payments platform, and says it is expanding its food delivery service though grocery platform Rappi, which has 20 million users.

“The demand for these everyday services across Latin America is huge and, by combining strengths and resources, we will be able to move quickly to serve more users,” says Jonathan Lewy, Grin co-founder and chairman of Grow.

Related Content

  • Driverless Russia: Look – no hands!
    March 26, 2020
    Russia is betting on the importance of driverless cars as the country’s transport system develops in the years to come.
    Read More
  • Colombia’s transport infrastructure challenges economic growth
    July 1, 2014
    An inefficient transportation network is one of the key challenges facing further economic growth in Colombia, according to a report from ratings agency Standard and Poor's (S&P). It currently takes ten hours to travel 445 kilometres between Bogotá and Medellín, the country's two largest cities. According to the 2013 World Economic Forum, Colombia's overall infrastructure is better than Argentina's, Paraguay's and Venezuela's in Latin America. "Considering that Colombia's economy has the potential to
    Read More
  • China may miss electric vehicles goals
    November 5, 2012
    A new report from Bloomberg New Energy Finance suggests that China may miss its ambitious goals concerning alternative energy and clean transportation. The country’s economy is growing quickly and along with this, citizens are finding it possible to afford vehicles of their own. The Chinese government is not inclined to allow reliance on fossil fuels to linger longer than necessary, however, and recently launched an ambitious plan that would promote the adoption of electric vehicles. In July 2012, the Chine
    Read More
  • Optibus and Stoneridge agree deals with Volvo Buses
    July 29, 2024
    Swedish OEM says digital services play an important role in business strategy
    Read More

Highlighted Content