Original disclosure @ IFC website
Updated in EWS Mar 16, 2023
Disclosed by Bank Feb 28, 2023
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As stated by the IFC, Cobli is the IoT platform for connected fleets. The Company was founded in 2015 and offers vehicle telematics and video telematics to improve visibility and efficiency of operational fleets while increasing driver safety in Brazil.
IFC proposes to invest up to US$ 8 million as a convertible note as part of the Company’s current fundraising round, with additional capital to be provided by current investors of the Company.
IFC anticipates that the Project would result in improved access to fleet management software for businesses, potentially resulting in improved productivity. The Project is also expected to contribute to climate mitigation through GHG emissions avoidance by optimizing routes for logistics fleet operations. Beyond the Project, this investment has the potential to increase competitiveness of the market for fleet management software in Brazil via competition and innovation channels.
From the IFC's website:
The Company’s co-founders are Charles Parker, Liu Treacy, and Rodrigo Gouvea Mourad. Company’s investors include Valor Venture Fund, SoftBank Latin America, Qualcomm Ventures, NXTP, and Fifth Wall Ventures.
The Company is registered in Cayman Islands and headquartered in São Paulo, Brazil.
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General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Client - Concierge Blindado Serviços Automotivos Ltda (Cobli):
Giuliana Bianchini - PR Specialist
Address: R. Lourenço Marques, 297 - Vila Olímpia, São Paulo - SP, 04547-100
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