Yellow , the Brazilian bike and scooter sharing company , has raised $ 63 m in series A funding , led by GGV Capital . In April 2016 , Yellow raised $ 12.3 million in a seed round . The latest funding marks the largest ever series A in Latin America , where investment in start - ups has been announced . arrow 's dockless bikes and scooters are currently available in Sao Paulo , but the new market will see expansion into Argentina , Colombia , Chile and Mexico City . Additionally , Yellow aims to create a scooter market in the Sao Paulo to avoid dependence on foreign manufacturers .
Yellow, the Brazilian bike and scooter sharing company, has raised $63m in series A funding, led by GGV Capital. In April 2018, Yellow raised $12.3m in a seed round. The latest funding marks the largest ever series A in Latin America, where investment in start-ups has been growing. Yellow's dockless bikes and scooters are currently available in Sao Paulo, but the new investment will see expansion into Argentina, Colombia, Chile and Mexico City. Additionally, Yellow aims to create a scooter factory in the Sao Paulo area avoid reliance on foreign manufacturers.