Uber invests in Latin American motorcycle firm

Uber announced its investment in Galgo, an Argentine lending company focused on financing motorcycle purchases in Latin America, with the aim of expanding financing options for drivers and delivery workers. The partnership will begin in Mexico before expanding to Chile and Colombia during the first quarter of 2027. Galgo aims to increase its revenue to $500 million by 2030, up from approximately $100 million currently. The investment focuses on financing low-cost vehicles, while enhancing technology and artificial intelligence. It aligns with the growing importance of motorcycles in the region and the need to provide affordable transportation for work and delivery services.

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