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Mexican startup Kavak debuts in Brazil with US$483 million investment

RIO DE JANEIRO, BRAZIL - Kavak on Tuesday (27) announced that it is opening operations in Brazil with a R$2.5 billion (US$483 million) investment to make the country its main market for buying and selling used cars by 2022, surpassing its parent company in Mexico.

According to Kavak Brasil's CEO Roger Laughlin, the funds will be used to start building an inventory of up to 100,000 vehicles in the country . . .

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