SAO PAULO : Uber Technologies Inc on Wednesday announced a deal with Brazilian bike-sharing company Tembici to make electric and common bicycles available on its app in Latin America amid a push for greener initiatives.
Tembici and Itau-sponsored bikes will be available for rental on the Uber app initially in the northeastern Brazilian city of Recife, it said, but the initiative will be later expanded to Sao Paulo, Rio de Janeiro, Brasilia, Salvador, Porto Alegre and other Latin American cities where Tembici operates.
Tembici, which in addition to Brazilian cities also operates in Santiago, Buenos Aires and Bogota, has raised money from International Finance Corp, Valor Capital Group, Redpoint eventures and Crescera Capital in recent years.
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