99 Application Generates R$ 12 Bi Impact on GDP

A study carried out by the Fundação Instituto de Pesquisas Econômicas (Fipe), at the request of startup 99, showed that the transport application company made the wheel of the Brazilian economy turn. TP3T of the Country's Gross Domestic Product (GDP).

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According to the company, 99's mission is "to positively impact the population, making transport cheaper, faster and safer for passengers".

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Aplicativo 99 Gera Impacto De R$ 12 Bilhões No PIB 24 de fevereiro

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For 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.

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The amount considers not only what was spent on rides, but also what drivers spent on services to be able to make rides.

Although also in what way they consumed the resources gained from working on the application.

Made from official data from the Brazilian Institute of Geography and Statistics (IBGE), as well as information provided by the company about the races, the survey also showed that the 99 “cycle” generated R$ 1.1 billion in collected taxes.

However, including fees 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 caused by other transport services such as Uber and Cabify.

According to Miguel Jacob, manager of public policies at 99, the idea of the study was to show “how the apps.

Since, as self-absorbed, it 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 bought by the Chinese Didi Chuxing in January 2018.

Today, the company claims to have 600,000 drivers and around 18 million users across the country, in 1,600 cities. Above all, the company offers trips in common cars, taxis and shared rides.

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