Fretadão secures $10M investment for mobility expansion

People riding passenger bus

Fretadão, a corporate transportation startup, announced a $10M investment led by EXT Capital. The funds will facilitate the acquisition of buses, microbuses, and vans available for lease by affiliated operators.

“This expansion allows us to serve new clients. Our goal is to provide support without displacing our partners,” commented Antonio Carlos Gonçalves, Fretadão’s CEO.

By the end of 2023, Fretadão reported a daily user count of about 25,000. This is a significant increase from 20,000 users at the end of 2022.

Fretadão operates in 16 Brazilian states and is expanding its corporate and business outreach. The goal is to cater to regions with substantial corporate entities.

Find out more at Startupi

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