PROJECT

Projects

Summary of Investment Information

Project Number

45926

Company Name

COMUTO SA

Date SPI Disclosed

May 4, 2022

Country

World Region

Region

Global

Projected Board Date

Jun 17, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 8, 2022

Department

Equity Portfolio Management

Industry

Infrastructure

Previous Events

Approved : Jun 3, 2022
Signed : Jun 15, 2022
Invested : Jul 5, 2022

Sector

Transit and Ground Passenger Transporation

Project Description

Founded in 2006, BlaBlaCar (or the “Company”) is a global, online marketplace for buses and carpooling.  The Company provides long-distance bus and car travel solutions for its members.

 IFC is considering an investment of up to US$15 million in BlaBlaCar. The funding will primarily be used to expand the Company’s operations in emerging markets.                                                   

Associated Advisory Engagement

There are no Advisory Engagements associated with this investment.                                                     

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation