Yellow, a Brazil-based mobility startup, just raised a $9 million seed round for its dockless bike-share service.
Yellow was founded by Ariel Lambrecht and Renato Freitas, who sold their ride-share company 99 to Didi in a $1 billion deal earlier this year. Yellow’s third co-founder is Eduardo Musa, former CEO of bike manufacturer Caloi.
Yellow intends to use the funding to deploy its first 20,000 dockless bikes. This summer. Yellow plans to deploy a total of 100,000 bikes. Ultimately, Yellow envisions deploying more than one million bikes.
“As local residents, we’re acutely aware of the pain points caused by Brazil’s inefficient public transit, and we built Yellow specifically to address them,” Musa said in a press release. “Our goal is to improve circulation of urban traffic and curb harmful greenhouse gas emissions by providing a fun, cost-effective mode of transportation that integrates with other public transit systems to optimize daily routes in big cities.”
Since e-scooters and e-bikes are the new craze, it’s no surprise Yellow also plans to deploy those modes of transportation.
The Brazilian government has designated two new marine protected areas this week. The protected areas around the São Pedro and São Paulo archipelagos and the submarine volcanic chain that connects the Trindade island to the Martin Vaz archipelago are home to a rich marine life, including sharks, turtles, rays and whales.
The designation increases the Brazilian marine protected areas from the current 1.5% to 24.5%, surpassing the target set by the Convention on Biological Diversity (CBD), which recommends the protection of 10% of marine and coastal areas by 2020.
The announcement was made during the 8th World Water forum taking place in Brasilia until Friday, March 23rd,
The protected areas will be of mixed nature. Some areas will allow the development of regulated economic activities and others will be considered natural heritage, thus protected from any form of exploitation.
Siemens AG has signed a memorandum of understanding, or MoU, with the Brazilian Trade and Investment Promotion Agency, known as Apex-Brasil, and will invest 1 billion euros ($1.24 billion) in the country during the next five years.
The German company said the MoU addresses Brazilian infrastructure shortcomings, particularly in energy, transportation and health care. The agreement will also focus on raising productivity to support competition among local industries.
In the next five years, Siemens will triple its investments in Brazil and focus on electrification, automation and digitization to promote social and economic development.
“With these measures being directed to key strategic areas, this could be an important catalyst for attracting up to EUR50 billion from other investors all over the country, creating up to 1.2 million jobs over the next five years,” said Andre Clark, chief executive officer at Siemens Brazil.
Siemens has invested over EUR1 billion in Brazil for the last 15 years in project implementation, production localization, research and development, as well as human resources and training measures. It currently employs almost 6,000 people in the country.
The MOD has agreed to sell HMS Ocean to the Government of Brazil after 20 years of service.
Sold to the Brazilian Navy for around £84M, the profit generated from the sale will be reinvested in defence at a time when the Royal Navy is being strengthened with two types of brand new frigates and two huge aircraft carriers.
Throughout HMS Ocean’s impressive 20 years service, she has covered more than 450,000 nautical miles. Her military record spans from Operation Palliser during the Sierra Leone civil war to Operation Ellamy as part of an international coalition in Libya in 2011.
Most recently, HMS Ocean bolstered the hurricane relief effort in the Caribbean last summer. It is fitting that one of her final operations mirrored that of her first, when in early 1999 she was deployed to Honduras and Nicaragua in the aftermath of Hurricane Mitch.
HMS Ocean will decommission from the Royal Navy in March, with plans for the Brazilian Navy to take possession of the ship in June 2018. Modifications to the ship will be made by UK companies Babcock and BAE Systems in the meantime, with this work funded by Brazil.
The total of cargo transported by sea in Brazil from January to September 2017 was 800 million tons, according to a survey by the National Agency of Waterway Transportation (Antaq). A large number of ships are needed to move such a volume and many of these ships will need repairs of various kinds. McQuilling Services, headquartered in New York, will be leading a project to invest nearly a billion in Lucena, on the coast of the northeast state of Paraíba, for the installation of the Brazil Basin Drydock Company (BBDC) repair yard projects. It will be the first dedicated ship repair yard for medium and large-sized ships in the South Atlantic basin
Sales at Cyrela Brazil Realty SA rose sharply in the fourth quarter while the volume of project launches remained roughly flat, the company said late on Wednesday, as the upscale developer benefits from a real estate rebound in Brazil.
In 2017 overall, sales rose 17.8 percent to 3.26 billion reais, while project launches grew 3.9 percent to 3.05 billion reais.
Cyrela and other development companies are benefiting from a real estate rebound in Latin America’s largest economy after a severe downturn that led to several major bankruptcies.
In particular, Cyrela’s lower-end peers, such as Construtora Tenda SA and MRV Engenharia e Participações SA are on aggressive expansion drives.
Brazilian stocks on Tuesday ( 16 January 2018) edged up to an all-time high as optimism over the nation’s economic prospects kept an early-year rally alive.
The benchmark Bovespa stock index rose 0.3 percent to 79,951, nearing the 80,000 milestone for the first-time ever.
Brazil’s finished 2017 with a record trade surplus 40.5 percent higher than in the previous year.
The $67 billion surplus was in line with market projections and within the $65 billion to $70 billion range forecast by the government.
Brazil’s economy is projected to grow 2 percent this year, according to an annual report by the United Nations-backed Economic Commission for Latin America and the Caribbean (CEPAL) released last month.
That is unspectacular but far better than the 0.2 percent expected for 2017.The government’s own projections are slightly more optimistic: 3 percent in 2018 and 1.1 percent in 2017.
Economy Minister Henrique Meirelles said that the improvement was down to better “fiscal control, the approval of a freeze on public spending and reforms in general.”
The country’s key interest rate is now at a record low of 7 percent, half of what it was in late 2016. Inflation is now considered a minimal risk.
Dell EMC has been voted as the best large-sized IT company to work for in Brazil, according to research from the Great Place to Work Institute.
The company ranked first in the segment of companies employing over 1,000 staff. In this segment, Brazilian IT services company CI&T came in second and local IT and telecoms firm Algar ranked third, followed by SAP Brazil and eBay equivalent Mercado Livre. In the medium-sized segment employing 100-999 staff, SAP Labs Latin America, SAP’s only innovation facility in the region, topped the list, followed by VMware, Microsoft and local firm Radix.
In the small bracket of the study, of companies employing 50-99 people, the winner was CRM and billing systems provider Sydle, followed by fiscal software company TecnoSpeed and trade marketing systems provider Involves.
This is the 12th edition of the IT list compiled by the Great Place to Work institute. This year, the study had 309 submissions and selected the best 110, of which 15 were large organizations, 75 were medium-sized and 20 were small enterprises.
Assuming everything goes to plan, over the next six years, the Amazon rainforest will receive 73 million new trees. The mass planting is part of a project sponsored by Conservation International, the Brazilian Ministry of Environment, and a number of other NGOs and corporations. As John Converse Townsend at “Fast “Company” reports, it is the largest tropical reforestation effort ever attempted.
According to a press release from Conservation International, the effort will span deforested pasture lands over a 74,000-acre region spanning several Brazilian states—with the greatest focus in Southern Amazonas, Rondônia, Acre, Pará and the Xingu watershed. The purpose behind this project is, in part, to revive the 20 percent of the Amazon that has been lost to deforestation due to agriculture and pasturing during the last 40 years. But the effort is also geared toward learning how to restore tropical forests.
“This is a breathtakingly audacious project,” says M. Sanjayan, CEO of Conservation International, according to the release. “The fate of the Amazon depends on getting this right—as do the region’s 25 million residents, its countless species and the climate of our planet.”
As Townsend reports, reforestation efforts are typically very costly and time consuming—requiring people to both grow and plant thousands of saplings, many of which will not survive. In this latest effort, the restorationists are trying a new method called muvuca in which they will spread the seeds of native trees across the slash and burned land and animal pastures. The seeds come from the Xingu Seed Network, which uses a coalition of 400 collectors to gather the seeds from native trees.