PROJECT

Projects

Summary of Investment Information

Project Number

41635

Company Name

LIFTIT S A S

Date SPI Disclosed

Jul 13, 2018

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Aug 10, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Dec 23, 2018

Department

Disruptive Technologies and Funds

Industry

Infrastructure

Previous Events

Approved : Aug 10, 2018
Signed : Dec 17, 2018
Invested : Dec 21, 2018

Sector

Other (Including General Freight Trucking)

Project Description

  Liftit (the “Company”) is an asset-lite, B2B e-logistics technology startup, that provides affordable and efficient urban cargo delivery services from distribution centers to retail stores or to end consumers. The Company, headquartered in Bogota, Colombia, was founded in 2016 by American and Colombian serial entrepreneurs Brian York, Angel Celis and Felipe Betancourt. The proposed IFC investment (“Project”) consists of an equity minority stake to support Liftit’s expansion into Mexico and further buildout of a sales and technology team.                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation