Tembici develops and operates technology-driven bike-sharing networks, offering both conventional and electric bicycles to urban commuters throughout Latin America. The company positions itself as the regional leader in shared micromobility and plans to use new capital to acquire thousands of additional bikes and broaden its footprint in current and new Brazilian cities. Its three-year, R$274 million investment plan also earmarks resources for R&D and smart-city initiatives such as sharing traffic, location, weather and pollution data with public authorities. Part of the funds will expand production capacity at Tembici’s assembly plants in the Manaus Free Trade Zone and in Extrema, Minas Gerais. By integrating climate-focused financing, the firm underscores its commitment to reducing emissions and promoting sustainable urban transportation. Although no specific revenue or user metrics were disclosed, the company highlights continued growth and leadership in the Latin American micromobility market.

Total raised

$185M

Funding rounds

5

Latest round

Equity

Latest activity

Jan 2024