Business model: (1) single private operator; (2) dual private actor; (3) public ownership, private operation; (4) fully public operator
Business model typology
Fully private operation
Fully public operator
Publication year of the procurement process
Year
2019
2025
Institution responsible for issuing the procurement process.
Issuing authority
City or metropolitan region where the procurement process applies.
City / Region
São Paulo
Mexico City
Minimum fleet size and key vehicle specification requirements described in the procurement.
Minimum fleet size specifications
Not publicly available
19 vehicles: 12m, >85 passengers
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
Not publicly available
1 year for vehicle; 8 years for battery; other components vary
Main source of CAPEX payment or revenue in the contractual arrangement.
CAPEX payment or revenue source
Private operator, but SPTrans subsidizes a percentage equivalent to the difference in value between a diesel bus and an electric bus.
Public budget (government-funded procurement)
CAPEX payment or revenue values and units disclosed in the procurement.
CAPEX payment or revenue values
Internal Rate of Return (IRR) of 9.1% on invested capital*
Not publicly available
How residual value risk of assets is allocated among stakeholders.
Asset residual value risk allocation*
Private fleet provider (inferred)
Public
How battery degradation risk is allocated among stakeholders.
Battery degradation risk allocation*
Private fleet provider (inferred)
Manufacturer / public authority (shared)
Primary source of financing for the fleet or infrastructure investments.
Source of financing*
Shared (private and public)
Public
Currency denomination and risk-sharing structure for payments or contracts.
Currency exposure structure*
Not specified (likely local currency – R$/BRL)
Not specified (likely local currency – MXN)
OPEX & Operational Structure
Country name
Country
#SP
Brazil
#603
México
City or metropolitan region where the procurement process applies.
City / Region
#SP
São Paulo
#603
Mexico City
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
#SP
Public payment (gross cost contract – operator paid per km, revenue centrally collected)
#603
Public remuneration per: vehicle acquisition
OPEX payment or revenue values and units disclosed in the procurement.
OPEX payment or revenue values
#SP
Defined as R$/km (remuneration fare), periodically adjusted; varies by fleet type and cost structure
#603
Unspecified; defined by bidders as part of their economic proposal; final cost of procurement not yet disclosed
Requirement for air conditioning in the vehicles, if specified
Air conditioning requirement
#SP
Required (inferred)
#603
Not required
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
#SP
Not publicly available
#603
Minimum autonomy of 70 kilometers
How energy price risk is allocated among stakeholders.
Energy price risk allocation*
#SP
Operator bears energy price risk (inferred)
#603
Public authority (as operator and energy purchaser)
Charging model adopted in the procurement (e.g., depot charging, opportunity charging).
Charging model type*
#SP
Energy-as-a-service model: a private provider installs and operates charging infrastructure in operator depots, with service payments structured under public financing mechanisms.
City or metropolitan region where the procurement process applies.
City / Region
São Paulo
Mexico City
Main source of OPEX payment or revenue in the contractual arrangement.
OPEX payment or revenue source
Public payment (gross cost contract – operator paid per km, revenue centrally collected)
Public remuneration per: vehicle acquisition
OPEX payment or revenue values and units disclosed in the procurement.
OPEX payment or revenue values
Defined as R$/km (remuneration fare), periodically adjusted; varies by fleet type and cost structure
Unspecified; defined by bidders as part of their economic proposal; final cost of procurement not yet disclosed
Requirement for air conditioning in the vehicles, if specified
Air conditioning requirement
Required (inferred)
Not required
Minimum technical requirements for batteries and charging systems: autonomy, charging time, and charging type (slow, opportunity)
Battery charging specifications
Not publicly available
Minimum autonomy of 70 kilometers
How energy price risk is allocated among stakeholders.
Energy price risk allocation*
Operator bears energy price risk (inferred)
Public authority (as operator and energy purchaser)
Charging model adopted in the procurement (e.g., depot charging, opportunity charging).
Charging model type*
Energy-as-a-service model: a private provider installs and operates charging infrastructure in operator depots, with service payments structured under public financing mechanisms.