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Brazilian Itaú Unibanco debuts in electric cars service

The service will initially be available in São Paulo in 2021

Photo: REUTERS/Rodrigo Garrido
  • The project also includes automakers and car rental companies;
  • The executive also said that he evaluates making partnerships with other automakers and car rental companies.

Itaú Unibanco announced on Thursday the creation of its electric vehicle sharing service, which should start operating in the pilot phase in the first half of 2021.

The project also includes automakers and car rental companies. The bank expects the novelty to be available to customers and non-bank customers from the second half of 2021, with Jaguar I-Pace, BMW i3, and JAC iEV40 vehicles.

READ ALSO: iFood and Tembici launch electric bikes project for delivery partners in São Paulo

The service model provides for charging a fixed initial fee and an amount per minute of use, but prices are yet to be defined. All cars will have an internet connection.

As with the bicycle-sharing service already operated by Itaú, cars can be returned to stations different from the ones that they were picked, which are also used for charging.

The service will initially be available in São Paulo.

READ ALSO: Brazilian Tembici and Itaú launch shared electric bike program in Rio de Janeiro

“After a while, we will evaluate the expansion to other regions of the country,” Rodnei Bernardino de Souza, director of Itaú Unibanco, told reporters.

The executive also said that he evaluates making partnerships with other automakers and car rental companies.

(Translated by LABS)

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