Whoosh Holding plans to increase expansion in Latin America - CEO

MOSCOW. Aug 27 (Interfax) - PJSC Whoosh Holding, the holding company of the Whoosh kick-sharing service, plans to increase its expansion in Latin America, including by entering new countries, the company's founder and CEO Dmitry Chuiko said.

Currently, Whoosh operates in two Latin American countries, Brazil and Chile.

"The focus of work in the near future will be directed, among other things, to expansion in this 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," Chuiko was quoted as saying by the company in a press release.

In the first half of the year, Whoosh Holding's revenue in Latin America increased 2.7-fold year-on-year to 928 million rubles, 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.

More than 60% of the shares in the charter capital of PJSC Whoosh Holding belong to its co-founders, including CEO Dmitry Chuiko with 39.1% and his deputies Oleg Zhuravlev, Egor Bayandin and Sergei Lavrentyev with 4.1%, 10.8% and 7.3%, respectively. As of the end of April 2025, the free float was 33.0%.