What tembici. does

Tembici is a Brazilian micromobility technology company that operates Latin America's largest shared bicycle network, with active service in 13+ cities across Brazil, Argentina, Chile, and Colombia. Founded in 2010 and headquartered in São Paulo under operating entities M1 Transportes Sustentáveis Ltda. and M2 Soluções em Engenharia Ltda. (plus Argentine subsidiary M10 Transportes Sustentables S.R.L.), the company serves urban commuters, tourists and leisure riders, gig-economy delivery workers, and municipal government clients through a multi-brand portfolio: Bike Itaú (Brazil), BA Ecobici (Buenos Aires), Macro Bike (Nordelta), and Bike Estácio (university partnerships). Reported end-user demographics include 40% women among shared-bike users and 73% of riders using the service specifically to avoid traffic.

The platform is built on a self-serve mobile application (iOS/Android) integrated with a network of physical docking stations and a fleet of conventional mechanical bicycles (Shimano Nexus 3-speed gearing, roller brakes, adjustable seats, 5kg baskets, LED lighting) and electric pedal-assist bicycles (GPS tracking, anti-vandalism systems, motor assistance, LED safety lights, real-time trip tracking, QR-code unlocking). Fleet footprints disclosed include 3,000+ bikes across 350 stations in Santiago, 780 bikes in Curitiba, 500 bikes across 51 stations in Belo Horizonte, 350 bikes across 51 stations in Florianópolis, and 200 bikes across 21 stations in Nordelta. Tembici is B Corp certified, LGPD-compliant, and registered under Verified Carbon Standard 4593 for greenhouse-gas reduction credits.

Revenue is generated through four streams: recurring subscriptions (daily, monthly, and annual plans such as R$281.90/year in Florianópolis, R$35.90/month in Curitiba, and ARS-denominated tiers in Nordelta), pay-per-trip usage fees with per-minute overage charges, large-scale B2B fleet financing for gig-economy delivery workers (anchored by the iFood "Bike Pra Você" partnership), and corporate/government sponsorship revenue (notably the Itaú master brand and Banco Macro co-branding). The company has raised over US$200 million across disclosed equity and debt rounds, including an US$80M Series C led by Crescera Capital in September 2021 (US$420M post-money), R$160M from BNDES in February 2023, a US$23M multilateral round in December 2023, and a R$340M BNDES-approved facility in June 2026 for up to 85,000 electric bikes. Distribution runs through self-serve app downloads, physical docking stations, the Itaú bank channel, and concession-style municipal partnerships.

Name

tembici.

Legal name

M1 Transportes Sustentáveis Ltda.

Website

https://tembici.com.br

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tembici is a Brazilian micromobility technology company that operates Latin America's largest shared-bike network across 13+ cities in Brazil, Argentina, Chile, and Colombia, serving urban commuters, gig-economy delivery workers, and municipal governments via app-based electric and conventional bicycle fleets.

Ownership category

akta.pro rank

Product category

Bike-Sharing / Micromobility Services

NAICS

Recreational Goods Rental (532284)

SIC

Local & Suburban Transit & Interurban Hwy Passenger Trans (4100)

akta.pro primary industry

Station-Based Bike Rentals (Bikeshare) (THADAGAD)

akta.pro secondary industry

Bikeshare (Station-Based/Docked) (TLAFAMAE)

Keywords

• Bike sharing services
• Micromobility platform
• Electric bike fleet
• Urban mobility solutions
• Public bicycle system

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Subscription Plans: Recurring subscription revenue from daily, monthly, and annual bike sharing plans. Users pay for access to the bike network with included trip minutes, with additional charges for excess usage time.
2. Pay-per-trip Usage: One-time trip purchases allowing single bike rides with time-based pricing. Extra charges apply for minutes beyond included trip allowance.
3. B2B Fleet Financing: Large-scale fleet financing arrangements with development banks for acquiring bikes for delivery workers and platform users
4. Corporate Sponsorships: Partnership revenue from corporate sponsors like Itaú (Bike Itaú branding) and iFood who sponsor bike fleets for brand visibility

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Tembici operates shared bicycle systems across Latin America through a mobile-app-driven platform of electric and mechanical bicycles at urban docking stations. Users unlock bikes via QR codes, choose between single-trip, daily, monthly, or annual subscription plans, and access fleets under brands such as Bike Itaú (Brazil), BA Ecobici (Buenos Aires), Macro Bike (Nordelta), and Bike Estácio. The company also supplies electric bike fleets to gig-economy delivery workers in partnership with iFood and operates municipal public bike systems subsidized by city governments.

Product overview

Tembici is a Latin America's leading micromobility technology company operating bike-sharing systems across Brazil, Argentina, Chile, and Colombia. The company's core offering is the Bike Itaú brand in Brazil, along with regional brands including BA Ecobici (Buenos Aires), Macro Bike (Nordelta), and Bike Estácio (university partnership). The platform consists of a mobile app for user management, a network of docking stations, and a fleet of both conventional mechanical and electric bicycles. Electric bikes feature motor-assisted pedaling, GPS tracking, and anti-vandalism systems, while mechanical bikes include adjustable seats and roller brake safety systems. Additional services include iFood last-mile delivery partnerships using electric bikes, and subscription plans ranging from single rides to annual memberships. The company has expanded to 13+ cities across four countries with plans for continued growth supported by BNDES and Series C funding.

Differentiator

Problem solved

Functional benefit

Brands

• Bike Itaú: Primary bike sharing brand operated by Tembici in Brazil, Argentina, Chile, and Colombia.

Products and services

• Bike Itaú
• BA Ecobici
• Macro Bike (Nordelta, Argentina)
• Bike Estácio
• Tembici Mobile App Mobile application for iOS and Android that enables user registration, plan selection, QR code bike unlocking, real-time trip tracking, and trip history management across the Tembici bike-sharing network.
• Electric Bike (Tembici fleet) Electric-assist shared bicycles equipped with LED lights, adjustable seat height, motor-powered pedal assistance, GPS anti-vandalism tracking, and cargo baskets with 5kg capacity. Available across multiple Tembici-operated city systems.
• Mechanical Bike (Tembici fleet) Conventional shared bicycles with adjustable seat height, cargo baskets, LED lights, roller brake safety systems, and Shimano Nexus 3-speed gear systems. Available at Tembici-operated docking stations.
• Bike Pra Você (iFood delivery partnership) Last-mile delivery service providing electric bikes to iFood delivery workers across multiple Brazilian cities, in partnership between Tembici and iFood.

Quantifiable outcome

• 73% of users utilize shared bikes specifically to avoid traffic
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• iFoodcoreStrategic or Co-development PartnerStrategic partnership bringing electric bike technology to delivery workers across multiple Brazilian cities. The 'Bike Pra Você' project provides delivery personnel with electric bikes for last-mile delivery operations.
• Itaú (Banco Itaú)coreGTM or Marketing PartnerPrimary brand sponsor for bike sharing systems under 'Bike Itaú' branding. Provides financial sponsorship and brand visibility across major Brazilian cities where the service operates.
• Prefeitura de Buenos AirescoreStrategic or Co-development PartnerGovernment partnership for BA Ecobici, a subsidized public bike sharing system. The city government funds the initiative and Tembici operates the system.
• Banco MacrocoreGTM or Marketing PartnerBrand sponsor for bike sharing in Nordelta, Argentina under 'Macro Bike' branding. Partnership with Banco Macro enables local bike sharing service.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Voi Technology: European e-scooter and e-bike share operator with municipal partnerships. Comparable on shared micromobility product line and city-government contracting, though primarily European in focus.
• Movo: Brazilian dockless e-scooter share operator active in São Paulo and other Brazilian cities. Directly comparable to Tembici on LATAM micromobility competition for urban commuters and tourists.

Direct peers

• Lime: One of the world's largest shared micromobility operators offering shared e-bikes and e-scooters across multiple continents. Directly comparable to Tembici on shared-mobility service model, though Lime operates a dockless model primarily.
• Nextbike: Germany-based station-based bike-share operator with municipal partnerships across 300+ cities in Europe, Middle East, and New Zealand. Highly comparable to Tembici on station-based model, city-government contracting, and multi-city operations.
• Grow Mobility (Grin): Latin American dockless e-scooter and e-bike share operator with operations across Mexico, Brazil, and other LATAM markets. Directly comparable on shared micromobility in LATAM, competing for the same urban commuter and gig-economy delivery rider.
• PBSC Urban Solutions: A global bike-share technology provider and operator that powers station-based systems (Bixi in Montreal, Citi Bike, etc.). PBSC is already a technology partner of Tembici and a direct competitor as both an operator and platform vendor in station-based bikeshare.

Regional players

• Bicing (Barcelona): City-operated public bike-share system in Barcelona, Spain. Comparable on subsidized municipal bike-share model and station-based operations, but geographically distinct from Tembici's LATAM footprint.

Broad incumbents

• Tier Mobility: European shared micromobility operator (e-scooters and e-bikes) backed by SoftBank. Comparable on shared micromobility operating model and on European/LATAM urban-transit partnerships, though currently Europe-focused.
• Uber (Uber Bike / former JUMP): Previously operated dockless e-bike and scooter share (JUMP, Uber Bike). Comparable on shared micromobility product line and gig-economy delivery integration, though Uber exited bike share in some markets.
• Lyft (Citi Bike / Bay Wheels / Divvy): Operates major North American docked and dockless bike-share systems (Citi Bike in NYC, Bay Wheels in SF, Divvy in Chicago) as part of a broader multimodal mobility platform. Comparable on shared-bike operations and station-based infrastructure at scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/tembici
• Facebookfacebook.com/tembici
• Instagraminstagram.com/tembici

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds9 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about tembici.