A study carried out by the Economic Research Institute Foundation (Fipe), at the request of the startup 99, showed that the transport application company made the wheel of the Brazilian economy turn. As well as R$ 12.2 billion in 2019 - the equivalent of 0.18% of the country's Gross Domestic Product (GDP).
According to the company, 99's mission is to "positively impact the population by making transportation cheaper, faster, and safer for passengers."
Earned Resources
To achieve this, the company is based on values such as concern for people, generating impact on the world, transparency and authenticity.
According to company data, in Brazil 99 is responsible for connecting 14 million passengers to 300,000 taxi drivers and drivers.
The value considers not only what was spent on the rides, but also what drivers spent on services to be able to provide the rides.
Although also how they consumed the resources earned while working on the application.
Based on official data from the Brazilian Institute of Geography and Statistics (IBGE), as well as information provided by the company about the trips, the survey also showed that the 99 “cycle” generated R$1.1 billion in collected taxes.
However, including taxes such as Tax on Industrialized Products (on used cars), Tax on Circulation of Goods and Services (ICMS), and Tax on Services (ISS), the study does not include the impact of other transportation services, such as Uber and Cabify.
According to Miguel Jacob, public policy manager at 99, the idea of the study was to show “how the public sector applications.
Since he is self-absorbed, he has connections with other sectors of the economy.”
Founded in 2012 by Paulo Veras, Ariel Lambrecht and Renato Freitas, 99 was the first Brazilian unicorn, when it was purchased by the Chinese company Didi Chuxing in January 2018.
Today, the company claims to have 600,000 drivers and approximately 18 million users across the country, in 1,600 cities. The company primarily offers rides in regular cars, taxis, and shared rides.