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99 To Invest US$ 2 Billion in Brazil, Expand 99 Food, Create Support Points for Delivery Workers, Finance Electric Motorcycles in Partnership with Yadea, and Support SUS Patients with Free Transportation
Brazil will receive a new billion-dollar boost from the Chinese giant Didi, the parent company of 99.
During a meeting at the Palácio do Planalto on Monday, the founder and CEO of the company, Will Wei Cheng, confirmed to President Luiz Inácio Lula da Silva that the planned investment for the coming years has doubled to US$ 2 billion.
The main focus will be the expansion of the 99 Food delivery service, which has been gaining traction in Brazilian cities.
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In April, the platform had already announced an investment of US$ 1 billion for the national market.
The increase in value, according to the General Director of 99 in Brazil, Simeng Wang, is linked to the strong performance of initial operations in Goiânia and the metropolitan area of São Paulo, where demand for delivery continues to grow significantly.
Support for Delivery Workers and National Expansion
Of the total announced, around US$ 50 million will be invested in the coming months to build physical support points for delivery workers in the country’s capitals.
These spaces will provide basic infrastructure, such as drinking water and restrooms, in a move deemed essential to improve the working conditions of those working on the platform.
“The decision to double the investment reflects the success of the pilots already implemented in Goiânia and São Paulo. We want to bring this experience to all of Brazil,” Wang stated after the meeting with Lula.
Partnership with the Ministry of Health
Another highlighted point was the creation of a pilot project in partnership with the Ministry of Health.
99 has committed to allocate US$ 1 million to provide free transportation for patients of the Unified Health System (SUS) to public hospitals.
This initiative will be part of the More Specialists program, expected to serve consultations and exams at 49 hospitals across the country.
According to Wang, the initiative reinforces the company’s capacity to integrate mobility services with public health policies, expanding the population’s access to specialized care.
Investment in Electric Motorcycles with Chinese Technology
The company also announced the development of an electric motorcycle in collaboration with the Chinese manufacturer Yadea, which recently opened a plant in Manaus.
The Keeness model, already assembled in Brazil, will enter the market at an approximate price of US$ 29 thousand and will be targeted especially at delivery workers.
To facilitate the adoption of the new technology, 99 will offer lines of credit in partnership with financial institutions, allowing motorcyclists to access electric motorcycles under more favorable conditions.
The financing model already exists in countries like Mexico and Colombia and will be replicated in Brazil.
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