Rivals 99 and iFood Jointly Back Brazil's Electric Delivery Motorcycle Push

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Ride-hailing giant 99 and food-delivery app iFood have jointly committed over R$90 million to a Brazilian sustainable mobility fund targeting R$304.5 million in total. Partnering with China's Yadea, the fund will back electric motorcycles built for delivery riders covering 100+ km a day, aiming for 600,000 EVs on the road by 2035.