TB I Holdings Ltd.
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 3,000,000
USD $ 5,000,000
Project scope and objective
IDB Invest is considering an equity investment of up to US$5 million in TB I Holdings Ltd. (“Tembici” or the “Company”), registered in Cayman Islands and headquartered in Brazil, as part of the Series C equity round.
The Client is the leading micro-mobility player in Latin America operating docked bike sharing programs in 4 countries and 13 cities throughout the region. In Brazil, the Company operates in São Paulo, Rio de Janeiro, Riviera, Salvador, Brasilia, Recife, Olinda, Jaboatão and Porto Alegre. In Argentina it covers Buenos Aires and Nordelta. In Colombia it operates in Bogota, and in Chile, in Santiago.
Tembici has obtained several key concessions and exclusive permits to operate which provides a strong barrier of entry. Additionally, it has secured long-term (5-15 years) contracts with sponsors and advertisers, which brings recurring and predictable cash flows. The Company’s future growth plan consists in scaling within existing countries and expand to new cities, as it continues to ramp-up operations.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Phone: (11) 99867 8866
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005