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MercadoLibre to Double EV Fleet in Latin America by Year-End

  • Company to boost fleet as it seeks to grow logistics network
  • CFO says company sees ‘sustained growth’ as year continues

MercadoLibre Inc., the Latin American e-commerce retailer and fintech giant, is set to double its electric delivery-vehicle fleet in the region to over 1,000 by the end of the year. 

The company is adding over 500 electric vans in the coming months using funds from a $400 million sustainable bond issued last year, as it seeks to reduce the environmental impact of its logistics expansion, Chief Financial Officer Pedro Arnt said in an interview with Bloomberg TV’s Emily Chang.