By Brazil Stock Guide – During the COP30 climate summit, iFood, Latin America’s largest food delivery company, announced an expansion of its iFood Pedal program in partnership with Tembici, the region’s top micromobility operator. The initiative includes an investment of R$300 million (about $60 million) to deploy up to 45,000 electric bikes, with 20,000 scheduled to enter service by 2027. The program is expected to cut 7,500 tons of CO₂ annually, equivalent to the carbon absorption capacity of 300,000 trees.
Luana Ozemela, iFood’s Chief Sustainability Officer and VP of Impact and Sustainability, said the announcement reinforces Brazil’s leadership in sustainable logistics. “Announcing this during COP30 underscores our commitment to sustainable growth and to Brazil’s energy transition,” she said.
Tembici, which already operates 25,000 bicycles across four countries, will be responsible for the operation and scaling of the e-bike fleet. CEO Tomás Martins said the partnership reflects the company’s mission to combine scalable micromobility models with social inclusion. “Since 2020, our collaboration with iFood has avoided more than 13,000 tons of CO₂ emissions. This expansion brings the project to a historic level of impact,” he said.
In its latest quarterly report, iFood showed consistent growth in orders and delivery partner earnings. The company handles 160 million orders per month, serving 60 million active users through 450,000 partner establishments and 450,000 couriers in 1,500 cities. Its ecosystem generates about R$140 billion ($28 billion) annually, equivalent to 0.64% of Brazil’s GDP, and supports over 1 million jobs. Courier payments reached R$5.2 billion ($1 billion) in the last quarter, up 27% year over year, as the company boosted efficiency through AI-based route optimization and data-driven logistics.
iFood recently announced a R$17 billion ($3.4 billion) investment plan through March 2026 to strengthen its technology and logistics infrastructure.
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