Whoosh to expand presence in Latin America to four countries in 2026
MOSCOW. Oct 24 (Interfax) - PJSC Whoosh Holding, the holding company of Russian scooter sharing service Whoosh, plans to double the number of countries in Latin America where it has a presence from two to four in 2026, and almost triple its fleet of electric scooters in the region, the company said in a press release.
Whoosh, which entered the Latin American market in 2023, now operates in Brazil and Chile.
"In future, the region could account for up to 40% of the group's business and we plan to further expand the fleet, including direct purchases of new scooters, and launch in two new countries in the next few months already. Work on the launch in the new locations is going full steam ahead," Whoosh CEO and founder Dmitry Chuiko said in the press release.
The company said it plans to expand its fleet of scooters in the region to more than 30,000 in 2026. Whoosh's fleet of personal mobility devices (PMD) in Latin America grew by 26% to 11,000 in the first nine months of 2025.
The company said it is expanding the fleet by acquiring new scooters, and will also ship to the region scooters that have been refurbished to like-new condition at its PMD restoration center.
"The Latin American region is Whoosh's key international market, where renting is accessible year-round, and demand is demonstrating an impressive dynamic. International expansion will help diversify revenue, grow profitability and grow [the company's] share of the promising market in the southern hemisphere," the release said.
The international business has become a significant driver of growth for the group, it said. Revenue per ride in Latin America was 90% higher than in Russia and the CIS in the first half of 2025, and the time it takes to recoup the cost of a PMD is shorter, the company said.
"Latin America is a strategic market for Whoosh. We are seeing high conversion into rides here, a shorter recoupment cycle and steady growth of the user base. This confirms the effectiveness of our business model outside of Russia," Chuiko said.
