iFood And YvY Capital Initiatives Aim To Expand Access And Production Of 600 Thousand Electric Motorcycles Per Year By 2035
The electric motorcycle market is experiencing significant growth, with an increase of over 100% in sales in the 1st Quarter of 2024.
According to the report from Fenabrave, the entity representing vehicle distributors in Brazil, 3,452 units of electric motorcycles were licensed during the period, reflecting a rise of 104.74% compared to 2023, when 1,686 electric motorcycles were registered.
In March, specifically, 1,144 units were licensed, representing a decrease of 10.34% compared to February.
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However, when compared to March 2023, the growth was 54.59%, according to data from Fenabrave.
Arcelio Júnior, president of Fenabrave, highlights that despite the significant growth, the electric motorcycle market is still developing, with few models available.
The expectation is that the entry of new manufacturers, such as Yamaha with its Neo’s and Fluo Hybrid motorcycles, will further enhance the results of this sector.
So far, VMoto has led registrations in the 1st quarter, with 1,984 units, followed by GCX (311), Shineray (171), Shansu (154), and Watts (153).
New Investments To Boost Production
In addition to the sales growth, a new investment fund is being created to accelerate the production of electric motorcycles in Brazil.
iFood and YvY Capital announced the YvY Business Factory FIP Fund, which has an initial investment of US$ 7.5 million.
The goal is to manufacture and sell up to 600 thousand electric motorcycles per year by 2035.
This project aims not only to reduce logistical costs but also to expand the use of sustainable vehicles in deliveries, contributing to electromobility in the country.
Electromobility And Its Benefits
Currently, iFood has over 360 thousand active delivery drivers and has been investing in electromobility since 2020 as a way to reduce operational costs and carbon emissions.
Electric motorcycles provide savings ranging from 30% to 60% in fuel and maintenance, plus they increase the earnings of delivery drivers.
It is important to note that combustion motorcycles account for more than half of the emissions in urban deliveries, making the replacement with electric motorcycles essential for more efficient and less polluting logistics.
Structuring The Electromobility Ecosystem
The YvY Business Factory FIP Fund will operate in various fronts, such as structuring industrial projects and supporting startups, aiming to create a robust electromobility ecosystem.
The fund’s E2Ws Class will specifically target two-wheeled electric vehicles, involving the participation of corporate and financial investors.
These investors will be able to act at various stages of the value chain, including the production of batteries, motors, charging infrastructure, and renewable energy.
Social And Environmental Impacts Of The Initiative
In addition to environmental benefits, the initiative can also increase the income of millions of delivery drivers and motorcycle taxi drivers, with an estimated rise of up to 40% in workers’ income.
This could generate positive impacts in areas such as housing, education, and health.
The expectation is that the fund will reduce up to 14.25 million tons of CO2 per year, contributing to improved air quality in Brazilian cities and strengthening neo-industrialization and national technological development.
The Future Of Electric Motorcycles In Brazil
The growth in sales of electric motorcycles and the new investments in the sector reflect a shift in consumer preferences towards more sustainable and economical alternatives.
As more people adopt electric vehicles, the electric motorcycle sector positions itself as a viable and desirable alternative for the future of mobility in Brazil, promoting not only logistical efficiency but also a more sustainable future.
SOURCE: INSIDEEVS/MOTOCICLISMOONLINE

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