Tuesday
January 19
2021

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)

Categories
Technology
Tags
electric vehicles, environment, financial inclusion, innovation, sustainability