Cobli is a platform that includes innovative features, such as data analytics driven by artificial intelligence, to efficiently route vehicles, reduce wait time and cost, and enhance driving safety. Around 100,000 vehicles in Brazil use Cobli’s telematics systems to improve logistics efficiency, IFC and Cobli said in a joint press release.
A successful scale-up of the company is expected to promote further technology advancements and accelerate the growth of the fleet management sector in the country and across the broader Latin America and Caribbean region.
“For the next three years, Cobli’s objective is to grow fivefold. Investors are strategic partners for us to continue disrupting the market. IFC has relevant global knowledge and is willing to make long-term investments that have big impacts and will continue to innovate our sensors and video-based solutions to bring our customers to the forefront of technology and results,” said Rodrigo Mourad, Cobli’s president and co-founder.
Brazil is one of the top greenhouse-gas-emitting countries in the region and the 13th in the world. Optimising resource efficiency in the transportation and logistics sectors can contribute to its decarbonisation and emissions-reduction targets.
As of 2020, Brazil’s telematics market was valued at $1.36 billion, with projected compound annual growth of 10.7 per cent from 2021 to 2026. In 2021, the global market was estimated at $44.2 billion, with growth projected at 15.9 per cent from 2021 to 2026.
“With more than 10 million commercial light vehicles in Brazil, there is great potential for growth and cost efficiencies to be passed on to companies. IFC’s investment in Cobli will help mobilise private investments in the Brazilian e-logistics and mobility sectors, which are key to enhancing connectivity and productivity through efficiency gains in fuel use, savings on maintenance costs, and accident prevention,” said Carlos Leiria Pinto, IFC’s country manager for Brazil.
In emerging markets, IFC has invested about $135 million in the e-logistics and mobility sectors, building a diverse portfolio of innovative startups that includes long-haul trucking, last-mile delivery, and shared mobility companies. In Brazil, IFC has invested in Tembici, the country’s leading micro-mobility company, and supported the expansion of BlaBlaCar, a community-based travel network.
IFC has been investing in Brazil’s private sector since 1957 to address the country’s most critical development challenges, including those of urbanisation, social inclusion, competitiveness and productivity, and management of natural resources.
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