MercadoLibre to Expand Electric Fleet After $1.1 Billion Bond Sale
Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles.
“We’re seeing positive results, and adoption of electric vehicles within our network should intensify going forward,” Andre Chaves, senior vice president of MercadoLibre, told Bloomberg on Friday (Jan. 15). He added that the company seeks to expand its electric delivery fleet by at least 14 times.
Source: PYMNTS (link opens in a new window)
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