LatamList – VOLL, a Brazilian mobility startup, raised a $776K (R$4M) funding round from Iporanga Ventures and Wayra. The investment was announced by the Telefónica group’s Vivo Initiative.
VOLL is a corporate transport management app that allows users to compare rates between Brazil’s major mobility apps to find the best price for companies. The companies that use the app can receive a discount of up to 30% on their chosen service; PepsiCo successfully reduced its transportation costs by 43% after adopting VOLL technology.
VOLL’s client portfolio currently includes names such as Vivo / Telefônica, Sodexo, McDonald’s, IBM, PepsiCo, Estácio, Klabin, Cargill, Heineken, and ArcelorMittal. The company is working alongside major transport startups, such as Uber, Cabify, and 99.
“VOLL is the pioneer in Latin America to achieve this integration with Uber,” explained Renato Valente, a partner at Iporanga Ventures. “The investment in VOLL is part of Iporanga’s strategy of investing in companies that bring tangible benefits to customers and that are focused on product design and user experience”.
The startup is currently in the testing phase for a new product, which it hopes to launch later this year. VOLL will continue to grow operations and develop its commercial platform with this investment. The startup also aims to expand further across the region and add to its network of 60 operative countries.
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