Mottu combines rentals with white-label marketplace

This shows Mottu is trying to own both sides of last mile, not just rent the vehicle. A courier can get a bike, maintenance, insurance, and licensing help from Mottu, then use that same fleet to deliver for apps like Rappi and iFood or for merchants using Mottu's white label network. That makes each motorcycle more valuable, because it is both a rental asset and a source of delivery supply for merchant customers.

• Rappi, iFood, and PedidosYa mainly aggregate consumer demand and manage courier networks, while Loggi sells shipping and delivery tools to businesses across Brazil. Mottu sits in between, it supplies the vehicle to the worker and also sells delivery capacity to merchants that want their own branded service.
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• The white label piece matters because merchants do not need to win courier supply themselves. A restaurant, pharmacy, or e commerce seller can plug into Mottu's rider base, while Mottu fills that network with renters already using its motorcycles. That is a tighter operational loop than a pure rental company or a pure marketplace.
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• This helps explain why Mottu looks more vertically integrated than micromobility peers. By 2024 it had a fleet of roughly 72,000 motorcycles across 40 cities and reported 69% gross margins, supported by assembly, maintenance, rental income, and merchant delivery volume feeding the same system.
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From here, the likely path is deeper infrastructure. As Mottu adds more merchants and more riders, it can become the default operating layer behind local delivery in Brazil and Mexico, then expand into adjacent services like fleet software, payments, insurance, and credit for the same courier and merchant base.