Localiza Rent A Car SA - Company Profile
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Business Description
Localiza Rent A Car SA (Localiza) is primarily engaged in car rental and fleet rental services. The company operates in the mobility sector, providing short-term and long-term vehicle rental solutions to individuals and businesses.
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R&D Overview
Localiza has undertaken several R&D initiatives focused on integrating technology, data, automation, and artificial intelligence into its operations. These initiatives aim to enhance structural efficiency, improve the quality of the customer experience, and support data-driven decision-making. The company has made significant progress in digitizing customer journeys, expanding the use of artificial intelligence, and consolidating a more integrated, streamlined, and scalable technology architecture. Localiza Labs acts as a catalyst for the company's digital transformation and systems modernization, contributing to structural gains in productivity, efficiency, and quality across the organization. The R&D unit of the company is Localiza Labs. This unit is responsible for driving the company's digital transformation and systems modernization. It focuses on data, artificial intelligence, systems platformization, and customer centricity, thereby contributing to productivity, efficiency, and quality improvements across the organization. Localiza Labs also facilitates remote work for individual contributors, expanding access to technology talent across Brazil and strengthening the company's capacity for continuous innovation.
Business Segments
Overview
Provides airport and off-airport car rentals; for insurance stipulation and management of car claims for insurance companies. Offers rental solutions to legal entities, corporations, executives and customers on business or leisure trips. Its cars are also rented by insurance companies and auto-makers as a substitute to customer vehicles in case of mechanical repairs or losses during the insurance or warranty term. The Car Rental division sells its deactivated car fleet renewal, after being used for rental purposes for an average of 12 months, on a periodic basis directly to the final clients through its own sales network.
Performance
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Overview
Operates through its subsidiary, Localiza Fleet SA, and Car Rental Systems, which offer fleet leases to legal entities. Fleet rental for long period is 24 to 36 months. For the periodic fleet renewal, the Fleet Rental division sells its deactivated cars after the end of contract period to end customers and car dealers.
Performance
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