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Cabify Secures $110 Million In New Funding Round
The Madrid-headquartered company plans to invest the funds in expanding its presence in Latin America.
- Categories
- Technology, Transportation
- Region
- Latin America
- Tags
- transportation
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Analysis: Mexico Makes Lots of Electric Cars, but Few Mexicans Drive Them
The zero emissions cars remain too expensive for most Mexicans and they are impractical to drive in much of the country, which lacks enough charging stations.
- Categories
- Technology, Transportation
- Region
- Latin America
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Petrobras (PBR) to Invest $6 Billion in Sustainable Exploration in Latin America
Petrobras has stated that it is awaiting approval from Brazil's environmental authorities to commence exploration in the region.
- Categories
- Energy
- Region
- Latin America
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Analysis: How US Bank SVB’s Failure Could Impact Latin America
Tightening credit conditions resulting from the collapse of Silicon Valley Bank (SVB) could restrict financing in emerging market economies such as Latin America.
- Categories
- Finance
- Region
- Latin America
- Tags
- digital finance, failure
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Upload Ventures, a SoftBank Latin America Spinout, Seeks to Raise a $250 Million Fund
Less than one year after Upload Ventures spun out of SoftBank’s investment arm, the Latin American–focused investment arm is seeking to raise a $250 million fund.
- Categories
- Investing
- Region
- Latin America
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WhatsApp to Launch New Payments Feature in Brazil
The new feature will allow users to browse products, add products to their cart and make payments via debit or credit card right from their WhatsApp chat.
- Categories
- Finance, Technology, Telecommunications
- Region
- Latin America
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Tesla to Invest $5 Billion in Mexican EV Gigafactory
Tesla has announced the construction of a $5bn gigafactory in Mexico, after BMW announced similar plans.
- Categories
- Energy, Technology, Transportation
- Region
- Latin America
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Trade Finance Platform Marco Gets $200 Million Line of Credit, Focuses on Latin America – US
Trade finance platform Marco says it has raised $200 million in a line of credit from MidCap Financial and Castlelake.
- Categories
- Finance
- Region
- Latin America
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