Tembici invests BRL 53 million to bring its shared bikes to Colombia
Summary
Tembici, a Brazilian micro-mobility technology startup, has just announced its debut in Colombia, with an investment of over BRL 53 million to set up its bike rental system, starting in the capital Bogot\xe1, a city that is already a reference in urban mobility and intermodal integration. And with the pandemic, the city has taken the opportunity to encourage even more use of the pedal, said Tom\xe1s Martins, CEO and co-founder of Tembici.READ ALSO: Tembici raises $80 million to speed up new business line focused on bike deliveryThe Tembici stations are planned to be spread out in the neighborhoods of Usaqu\xe9n, Chapinero, Barrios Unidos, Santa Fe, and La Candelaria. The locations were chosen based on studies and analyses carried out by the companys team of urban planners, evaluating criteria such as proximity to bicycle infrastructure, possibilities of greater demand, and integration with public transportation.The system will start operating gradually as of the second half of 2022 and expects to have the entire bicycle service and stations available in September.READ ALSO: Mexican neobroker Flink to expand to Colombia this yearTembicis investment in Bogot\xe1 is part of the post-Series C expansion agenda. The Series C was also backed by Pipo and Endeavor Catalyst.While the previous rounds were important to consolidate the product and the business model, this new funding will be allocated to the operations growth: increasing the fleet, expanding to other cities, and accelerating Tembicis new business line, focused on bike delivery.READ ALSO: Wanting to shake things up and create a secondary market for venture capital in emerging markets, Velvet snags $200 millionThe first step came in October, when the startup launched its own branded system in Bras\xedlia. The startup currently runs 16,000 bikes in Brazil, Argentina, and Chile; 1,000 of them are electric, the so-called e-bikes, which mainly serve professionals who work for delivery apps in Rio de Janeiro and S\xe3o Paulo cities.