- Business
- Localiza Rent a Car S.A., now known as Localiza&Co, functions as a prominent mobility platform, primarily involved in car and fleet rental services. The company also oversees franchising activities and manages the sale of vehicles from its extensive fleet. It extends car rental options to individuals, various legal entities, and corporate clients, including those who drive for ride-hailing applications. The company's integrated approach encompasses both short-term rentals and long-term corporate fleet management solutions. By the end of 2024, Localiza operated a consolidated fleet exceeding 669,000 vehicles and maintained a vast network of over 900 physical locations across Brazil and six other South American nations, including a recent expansion into Mexico. Founded in 1973, the enterprise maintains its headquarters in Belo Horizonte, Brazil. Its strategic growth has been bolstered by the significant merger with Unidas and a long-standing partnership with Hertz, solidifying its position as the largest mobility provider in South America.