IFC and Localiza&Co partner to support mobility in Brazil, with focus on sustainability

São Paulo, November 2025 — IFC and Localiza&Co, the largest car rental company in Brazil, have signed a financing package aimed at supporting the company’s fleet renewal with energy-efficient, low-emission vehicles, contributing to Brazil’s transition to a cleaner transport sector, while also driving economic growth in the automotive and maintenance industries. This is IFC’s first debt financing to a mobility service provider in the country.

IFC’s financial package includes a BRL 1 billion loan from IFC’s own resources granted in 2023, and $472 million (equivalent to BRL 2.6 billion) recently mobilized from eight international banks.

Localiza&Co’s sustainability program is focused on developing its first sustainability-linked framework (SLF), which IFC is supporting. It is expected to help the company attract green financing in the future and mobilize investments toward sustainable growth and broader economic development.

“We see the partnership with IFC as a significant recognition of Localiza&Co’s maturity in key areas such as governance, sustainability, and positive social impact. This new fundraising expands our capacity to invest responsibly and with a long-term vision, while also strengthening our reputation in international markets,” said Rodrigo Tavares, CFO of Localiza.

Localiza&Co is advancing its sustainability agenda through the development of its first Sustainability-Linked Framework (SLF), with support from IFC. The framework is expected to help the company attract green financing in the future.

“IFC’s investment in Localiza&Co will help advance Brazil’s ambition to transform its transport sector towards a cleaner, low-carbon standard, while demonstrating the commercial viability of sustainable business models,” said Manuel Reyes Retana, IFC Division Director for Brazil, Argentina, Paraguay, and Uruguay.

IFC has been investing in Brazil’s private sector since 1957 to address the country’s main development challenges, including those related to urbanization, social inclusion, competitiveness and productivity, and natural resource management.

About Localiza&Co

Localiza&Co is one of the largest and most comprehensive mobility solutions platforms in the world. As a publicly traded company listed on B3, with a high level of corporate governance, Localiza&Co has a history marked by outstanding results in leadership and innovation, always focused on value creation and a long-term vision. Founded in Belo Horizonte in 1973, the company has consolidated its position as a market leader over time and is now one of the ten most valuable brands in the country. Our commitment to exceeding customer expectations, combined with operational excellence, enables the company to offer a wide range of mobility solutions through more than 900 physical customer service locations across seven countries in Latin America.