Mexican fintech OCN, which offers car rental models for gig workers, will invest $150 million in Mexico to help expand vehicle access for ride-hailing drivers in key cities in the country, according to a press release.
The fresh capital will be deployed over the next 18 months to grow OCN’s presence in Mexico City, Monterrey, Guadalajara, Tijuana, and Querétaro — some of the country’s most densely populated cities. The company plans to use the investment to triple its fleet to 15,000 vehicles from 5,000, and increase its workforce to 150 from 120.
The investment comes after the company closed a ...
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