Company name
TB I Holdings Ltd.
Project number
14568-01
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.
E&S category
B
Country
Regional
Sector
Digital Economy
Status
In implementation
Disclosed date
07/11/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/15/2023
Approval date
08/17/2023
Signed date
11/09/2023
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 3,000,000
Financing amount
USD $ 5,000,000
Currency
USD
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.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
TEMBICI ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
337.9 Kb
TEMBICI ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) R1
849.9 Kb