Business model: (1) single private operator; (2) dual private actor; (3) public ownership, private operation; (4) fully public operator
Business model typology
Fully public operator
Dual private actor
Publication year of the procurement process
Year
2025
2023
Institution responsible for issuing the procurement process.
Issuing authority
Servicio de Transportes Eléctricos (STE)
DTPM + Ministry of Transport and Telecommunications
City or metropolitan region where the procurement process applies.
City / Region
Mexico City
Santiago
Minimum fleet size and key vehicle specification requirements described in the procurement.
Minimum fleet size specifications
19 vehicles: 12m, >85 passengers
3 size categories (8–11m; 11–14m; 14–18m)
How the procurement defines or requires the inclusion of electric vehicles (e.g., percentage of total fleet, categories affected)
Electric requirement
—
—
Warranty requirements for vehicles, batteries, or systems when disclosed.
Warranty requirements
1 year for vehicle; 8 years for battery; other components vary
Not applicable (operation contract)
Main source of CAPEX payment or revenue in the contractual arrangement.
CAPEX payment or revenue source
Public budget (government-funded procurement)
Public remuneration structure; additional items may include vehicle acquisition, terminal improvements and charging infrastructure
CAPEX payment or revenue values and units disclosed in the procurement.
CAPEX payment or revenue values
Not publicly available
Not publicly available
How residual value risk of assets is allocated among stakeholders.
Asset residual value risk allocation*
Public
Private fleet provider (inferred)
How battery degradation risk is allocated among stakeholders.
Battery degradation risk allocation*
Manufacturer / public authority (shared)
Private fleet provider (inferred)
Primary source of financing for the fleet or infrastructure investments.
Source of financing*
Public
Operator (inferred)
Currency denomination and risk-sharing structure for payments or contracts.
Currency exposure structure*
Not specified (likely local currency – MXN)
Not publicly available
OPEX & Operational Structure
Country name
Country
#603
México
#202
Chile
City or metropolitan region where the procurement process applies.
City / Region
#603
Mexico City
#202
Santiago
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
#603
Public remuneration per: vehicle acquisition
#202
Payment per km operated (system)
OPEX payment or revenue values and units disclosed in the procurement.
OPEX payment or revenue values
#603
Unspecified; defined by bidders as part of their economic proposal; final cost of procurement not yet disclosed
#202
Maximum reference remuneration of CLP 2,550 (≈ USD 2.68, as of 01 Oct 2025) per km operated by diesel buses and CLP 1,530 (≈1.61 USD ) per km by electric buses; fixed remuneration of CLP 150 (≈ USD 0.16) per passenger transported
Requirement for air conditioning in the vehicles, if specified
Air conditioning requirement
#603
Not required
#202
Required for new buses
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
#603
Minimum autonomy of 70 kilometers
#202
200 km (slow) / 50 km (opportunity); 5h (slow) / 9 min (opportunity)
How energy price risk is allocated among stakeholders.
Energy price risk allocation*
#603
Public authority (as operator and energy purchaser)
#202
Operator bears energy price risk (not explicitly specified; inferred from model structure)
Charging model adopted in the procurement (e.g., depot charging, opportunity charging).
Charging model type*
#603
Not publicly disclosed
#202
Fleet provider-led charging model (infrastructure installed by fleet provider; system may finance upgrades)
City or metropolitan region where the procurement process applies.
City / Region
Mexico City
Santiago
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
Public remuneration per: vehicle acquisition
Payment per km operated (system)
OPEX payment or revenue values and units disclosed in the procurement.
OPEX payment or revenue values
Unspecified; defined by bidders as part of their economic proposal; final cost of procurement not yet disclosed
Maximum reference remuneration of CLP 2,550 (≈ USD 2.68, as of 01 Oct 2025) per km operated by diesel buses and CLP 1,530 (≈1.61 USD ) per km by electric buses; fixed remuneration of CLP 150 (≈ USD 0.16) per passenger transported
Requirement for air conditioning in the vehicles, if specified
Air conditioning requirement
Not required
Required for new buses
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
Minimum autonomy of 70 kilometers
200 km (slow) / 50 km (opportunity); 5h (slow) / 9 min (opportunity)
How energy price risk is allocated among stakeholders.
Energy price risk allocation*
Public authority (as operator and energy purchaser)
Operator bears energy price risk (not explicitly specified; inferred from model structure)
Charging model adopted in the procurement (e.g., depot charging, opportunity charging).
Charging model type*
Not publicly disclosed
Fleet provider-led charging model (infrastructure installed by fleet provider; system may finance upgrades)