Market Share of Latin America Bike Sharing Industry
The Latin America bike sharing market is consolidated with the presence of a limited number of regional players, although various new startups are entering into the market such as Grin, Tembici, Bird. The market is highly driven by factors like advanced technology, easy to use renting schemes, growing investment, and startups entering into new countries. To provide a more convenient experience to the commuter, major bike rental service providers are expanding their market reach and adding more bikes in their fleet. For instance,
- In 2019, Grin has announced that it is entering into a merger with Yellow. the combined entity which will be Grow mobility will operate over 135,000 vehicles across six countries. The company is planning to double its fleet size and expand its regional reach. And in March 2020, Grow mobility was sold to Mountain Nazca investment fund in an undisclosed amount.
- In 2019, Uber's launched electric bikes with a fleet of 1,200 bikes in Chile, with the name Jump. Company plan is to reach to all the major Latin American countries as they have operation in Mexico City, Santos in Brazil and the Las Condes area in Santiago.
- In 2019, Bird, acquired Scoot, after the acquisition Scoot will be the subsidiary of Bird and will operate independently.
Latin America Bike Sharing Market Leaders
Tembici
Bim Bim Bikes
Grow mobility
Loop
Mobike
*Disclaimer: Major Players sorted in no particular order
