Russia’s Whoosh EV Bikes Operator To Expand In Latin America

PJSC Whoosh Holding, the Russian holding company of the Whoosh electric bike-sharing service, plans to increase its expansion in Latin America, according to the company’s founder and CEO Dmitry Chuiko. Currently, Whoosh operates in two Latin American countries, Brazil and Chile.

Chuiko said that “The focus of work in the near future will be directed, among other things, to expansion in the Latin American region. We plan to at least double the fleet there by the end of 2025, as we see high demand for rides, and also to develop new service locations, including new countries.”

In H1 2025, Whoosh Holding’s revenue in Latin America increased 2.7-fold year-on-year to ₽928 million (US$11.5 million), the company said. The number of rides increased 2.69-fold to 5.7 million. At the same time, revenue per ride in the region is 1.9-fold higher than the average in Russia and the Commonwealth of Independent States.

Whoosh is a developer of technological solutions for micromobility transport and the largest Russian operator of the eponymous kick-sharing service. The company is present in Russia, Belarus, Kazakhstan, Brazil, and Chile.

PJSC Whoosh Holding, the parent company of Whoosh Group, conducted an IPO in December 2022, with the publicly traded float at 33% of the total equity.