"An EUR 80 million Brazil E-Bus Credit Enhancement Fund has been established to accelerate the deployment of electric buses across Brazilian cities, aiming to introduce more than 1,700 vehicles and associated charging infrastructure by 2030. The fund, unveiled at the COP30 Local Leaders Forum, is expected to mobilize roughly EUR 450 million in private lending. The initiative was launched by Bloomberg Philanthropies in partnership with Brazil's Ministry of Cities and Ministry of Environment and Climate Change, BTG Pactual, the Mitigation Action Facility (MAF), and WRI Brasil."
"As of end September 2025, according to the figures from E-Bus Radar, backed by ZEBRA alliance, the country 1,290 electric buses in operation (including 333 trolleybuses), with local company Eletra covering a 65% share with 848 vehicles. Just a few days ago São Paulo has surpassed the mark of 1,000 zero-emission buses in its municipal fleet (the city Transit Agency SPTrans - over 13,000 buses - had banned the procurement of new diesel buses already in 2022)."
"According to WRI Brasil, the fund targets a sector that accounts for nearly 90% of urban public transport in Brazil. The transition to electric buses is considered essential for meeting the country's net-zero targets by 2050 while delivering tangible benefits for urban populations. The fund addresses a key challenge for municipalities worldwide: financing low-emission transport infrastructure. The Brazil E-Bus Credit Enhancement Fund aims to mitigate this barrier by providing first-loss support and credit enhancement to senior investors, enabling public transport operators to secure financing for electric bus procurement and related infrastructure."
An EUR 80 million Brazil E-Bus Credit Enhancement Fund will accelerate electric bus deployment, targeting more than 1,700 vehicles and associated charging infrastructure by 2030 and mobilizing roughly EUR 450 million in private lending. Bloomberg Philanthropies launched the initiative with Brazil's Ministry of Cities, Ministry of Environment and Climate Change, BTG Pactual, the Mitigation Action Facility (MAF), and WRI Brasil, developed with ITDP Brasil, Catalytic Finance Foundation, and C40 Cities. As of end September 2025 Brazil had 1,290 electric buses in operation, including 333 trolleybuses, with Eletra covering 65% (848 vehicles). São Paulo surpassed 1,000 zero-emission buses in its municipal fleet. The fund targets a sector responsible for nearly 90% of urban public transport and provides first-loss support and credit enhancement to unlock financing for electric bus procurement and infrastructure, supporting net-zero goals by 2050.
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