In December 2021, Crescera Capital invested in Tembici, a Brazil-based operator of a dock-based bike-sharing system, with operations in the capital cities of Colombia, Argentina and Chile.

With Crescera’s support, the number of rides taken on Tembici’s bikes has increased by 45%, while the number of users has grown 12% year-over-year. Through a partnership with a delivery platform called iFood, delivery workers can access discounted e-bikes and enjoy convenient areas equipped with bathrooms, charging stations and a resting lounge. In 2022, Tembici’s customers took 57.7 million rides, reducing greenhouse gas emissions by an estimated 10,000 tons of CO2. These metrics are accessible to customers through the company’s app, encouraging more people to choose bikes over fossil-fuel vehicles.