IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.13▼ 0.12% USD/MXN17.52▼ 0.06% USD/CLP932.70▼ 0.02% USD/COP3,245▼ 0.56% USD/PEN3.40▼ 0.23% USD/ARS1,482▼ 0.07% USD/UYU40.22▲ 0.96% USD/PYG6,045▲ 1.22% USD/BOB10.35▲ 6.04% USD/DOP58.37▲ 0.49% USD/CRC448.53▲ 1.22% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.41% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.70% USD/TTD6.74▲ 1.05% EUR/BRL5.85▲ 0.46% BRENT 87.17 ▲ 4.65% WTI 80.99 ▲ 3.65% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.57% GOLD 4,025 ▲ 0.70% SILVER 58.27 ▲ 1.09% SOY 1,190 ▼ 1.00% CORN 458.50 ▲ 4.74% WHEAT 634.50 ▲ 1.20% COFFEE 338.80 ▼ 0.76% SUGAR 14.79 ▲ 0.27% ORANGE JUICE 137.15 ▼ 7.24% COTTON 82.00 ▲ 2.72% COCOA 5,759 ▲ 1.11% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,658 ▲ 0.67% ETH 1,788 ▲ 0.84% SOL 75.09 ▲ 0.31% XRP 1.07 ▲ 0.36% BNB 569.33 ▲ 0.48% ADA 0.16 ▲ 0.93% DOGE 0.07 ▲ 0.31% AVAX 6.47 ▲ 0.40% LINK 7.93 ▲ 0.69% DOT 0.84 ▲ 0.89% LTC 43.60 ▲ 0.26% BCH 236.22 ▼ 0.01% TRX 0.32 ▲ 0.15% XLM 0.18 ▼ 1.13% HBAR 0.07 ▼ 0.74% NEAR 1.99 ▲ 3.93% ATOM 1.52 ▼ 1.04% AAVE 96.11 ▲ 1.85% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,215 ▼ 0.75% USD/ZAR16.48▲ 0.01% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.20▼ 0.15% USD/CNY6.77▼ 0.19% DAX 24,992 ▼ 0.49% CAC 8,305 ▼ 0.72% FTSE 10,456 ▼ 0.41% MIB 52,553 ▼ 0.48% IBEX 19,157 ▼ 0.93% STOXX 637.73 ▼ 0.51% EUR/USD1.14▲ 0.14% GBP/USD1.34▼ 0.08% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.31 ▲ 0.87% USD/CAD1.41▼ 0.42% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.13 ▼ 0.12% USD/MXN 17.52 ▼ 0.06% USD/CLP 932.70 ▼ 0.02% USD/COP 3,245 ▼ 0.56% USD/PEN 3.40 ▼ 0.23% USD/ARS 1,482 ▼ 0.07% USD/UYU 40.22 ▲ 0.96% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.37 ▲ 0.49% USD/CRC 448.53 ▲ 1.22% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.70% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.85 ▲ 0.46% BRENT 87.17 ▲ 4.65% WTI 80.99 ▲ 3.65% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.57% GOLD 4,025 ▲ 0.70% SILVER 58.27 ▲ 1.09% SOY 1,190 ▼ 1.00% CORN 458.50 ▲ 4.74% WHEAT 634.50 ▲ 1.20% COFFEE 338.80 ▼ 0.76% SUGAR 14.79 ▲ 0.27% ORANGE JUICE 137.15 ▼ 7.24% COTTON 82.00 ▲ 2.72% COCOA 5,759 ▲ 1.11% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,658 ▲ 0.67% ETH 1,788 ▲ 0.84% SOL 75.09 ▲ 0.31% XRP 1.07 ▲ 0.36% BNB 569.33 ▲ 0.48% ADA 0.16 ▲ 0.93% DOGE 0.07 ▲ 0.31% AVAX 6.47 ▲ 0.40% LINK 7.93 ▲ 0.69% DOT 0.84 ▲ 0.89% LTC 43.60 ▲ 0.26% BCH 236.22 ▼ 0.01% TRX 0.32 ▲ 0.15% XLM 0.18 ▼ 1.13% HBAR 0.07 ▼ 0.74% NEAR 1.99 ▲ 3.93% ATOM 1.52 ▼ 1.04% AAVE 96.11 ▲ 1.85% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,215 ▼ 0.75% USD/ZAR 16.48 ▲ 0.13% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.21 ▼ 0.14% USD/CNY 6.7793 ▲ 0.12% DAX 24,992 ▼ 0.49% CAC 8,305 ▼ 0.72% FTSE 10,456 ▼ 0.41% MIB 52,553 ▼ 0.48% IBEX 19,157 ▼ 0.93% STOXX 637.73 ▼ 0.51% EUR/USD 1.1399 ▲ 0.11% GBP/USD 1.3377 ▲ 0.21% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.31 ▲ 0.87% USD/CAD 1.4096 ▼ 0.40% US10Y 4.6090 ▲ 0.88%
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Invasion of the Two-Wheelers! Yet Another Challenge for Congested Brazilian Cities?

By · September 20, 2019 · 3 min read

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RIO DE JANEIRO, BRAZIL – Suddenly, it seems, they are everywhere. Weaving against the flow of traffic; whizzing silently among unsuspecting pedestrians; occasionally clustered in day-glo streetside herds; or randomly abandoned, alone, in unexpected locales.

The streets – and sidewalks – of Brazil’s cities have been invaded. By scooters!

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In fact, in what seems like just a few months, the streets of Brazil’s largest cities have been inundated with electric scooters. (Photo internet reproduction)
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For many of us, they are the stuff of childhood reminiscence, or perhaps just another irritating hipster affectation, but scooters are back – with a vengeance – and they have been electrified!

In fact, in what seems like just a few months, the streets of Brazil’s largest cities have been inundated with electric scooters.

And Brazil is not alone. US-based electric scooter (E-scooter) sharing companies (like Bird and Lime) have expanded aggressively into a range of traffic-congested Latin American cities followed, eventually, by local alternatives.

Grin, the first Latin American E-scooter start-up, launched in Mexico City in 2018 while Yellow and Scoo, both based in São Paulo, are now their two largest Brazilian competitors.

Joining Yellow and Ride, Scoo is another Brazilian electric scooter company founded by Marcelo Duarte, a São Paulo entrepreneur.
Joining Yellow and Ride, Scoo is a Brazilian electric scooter company founded by Marcelo Duarte, a São Paulo entrepreneur. (Photo internet reproduction)

At this point, the global E-scooter market is expected to reach US$28.56 (R$114) billion by 2025. Heralded as a novel and much-needed micro-mobility alternative, most E-scooter sharers operate an app-based model which allows users to unlock them by smartphone.

Being dockless means E-scooters (unlike rental bikes) can be abandoned at whim and without any obligation to search for parking spots. Importantly, electric battery power makes them environmentally friendly as their use doesn’t contribute to urban smog or global climate change (although these claims don’t necessarily apply to their fabrication).

So why are these zippy newcomers to the Latin American urban scene potentially controversial?

A few months after Y Combinator-backed Grin merged its electric scooter business with Brazil-based Ride, it’s now merging with Yellow, the bike-share startup based in Brazil that has also expressed its ambitions to get into electric scooters.
Shortly after selling their ride-sharing startup, 99, to Didi Chuxing for US$1 billion last year, the 99 founders launched Yellow, a bike- and scooter-sharing service.. (Photo internet reproductions)

In Brazil, as in countries throughout the world, genuine concerns surround the rapid proliferation of E-scooters in environments of relatively little – or even zero – regulation and, thus far, the total absence of any planning for their presence in already very congested cities.

Perhaps the most pressing issue is that of safety as escalating numbers of scooter users vie for space on over-crowded streets. Accidents with cars or motorcycles – and falls due to poorly maintained surfaces – are the most common causes of a growing list of E-scooter injuries ranging from sprains and bruises to facial and head trauma.

Such mishaps are compounded by the fact that E-scooter riders are typically not required to wear helmets. In fact, regulations concerning E-scooter use are still scarce and, where they do exist, poorly enforced.

São Paulo and Rio de Janeiro, for example, have only recently introduced basic regulation concerning rental E-scooters, and it remains unclear how these new rules will be policed.
Unlike many European cities which have at least adapted to and planned for high levels of (non-recreational) cycle use, Latin American cities simply aren’t physically equipped for the rapid growth of E-scooters as a commuting reality.

Grin, the first Latin American E-scooter start-up, launched in Mexico City in 2018 while Yellow and Scoo, both based in São Paulo, are now their two largest Brazilian competitors.
Grin, the first Latin American E-scooter start-up, launched in Mexico City in 2018 while Yellow and Scoo, both based in São Paulo, are now their two largest Brazilian competitors. (Photo internet reproduction)

Likewise, non-users are increasingly complaining about E-scooters being operated dangerously on crowded sidewalks and park paths or strewn, abandoned, across pavements and walkways creating real hazards for the elderly, blind, wheelchair users – and even the average (often screen-distracted) pedestrian.

Arguably, E-scooters represent a perfect example of creative technology outstripping both social norms and urban planning practice. As things stand, it seems unlikely that Latin America’s congested cities can accommodate a significant E-scooter presence without both conscious societal accommodation and a concerted physical retrofitting.

Given this reality, it is difficult – yet crucial – to discover whether E-scooters really offer a potentially vital contribution to a new green urbanism, as an ecologically sound solution for short-distance city commuting – or whether they are just another passing fad.

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