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Illustration: Caresse Haaser / Axios

Yellow, a Brazilian e-scooter and bike company, raised $63 million in Series A funding led by GGV Capital.

Bottom line: The scooter wars have expanded to Latin America, especially as Yellow plans to expand to Mexico, where Y Combinator-backed Grin already operates.

Hardware edge: While many companies purchase their scooters from Chinese suppliers, Yellow says it plans to set up its own factory locally—familiar territory for co-founder Eduardo Musa, previously owner and CEO of bike manufacturer Caloi.

Yellow's other co-founders, Ariel Lambrecht and Renato Freitas, recently sold their prior company, ride-hailing service 99, to Didi Chuxing.

In addition to GGV, funding participants included existing investors Monashees, Grishin Robotics, Base10 Partners, and Class 5.

The story has been updated to include that Yellow also provides bikes for rent.

Go deeper

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. Photo: CIRA/RAMMB

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest.

Why it matters: The atmospheric river, packing large amounts of moisture, was causing Northern California to whiplash from drought to flood, as it slowly moved south overnight. It's triggered widespread power outages, flooding and mudslides.

In photos: Drought-ravaged California lashed by major storm

Workers try to divert water into drains as rain pours down on Oct. 24 in Marin City, California. Photo: Justin Sullivan/Getty Images

A major storm system was pummeling Northern California and parts of the Pacific Northwest with heavy rains overnight.

The big picture: "Atmospheric river" storms, associated with a record-strong "bomb cyclone" offshore from the Pacific Northwest, have brought flooding and mudslides to parts of California that were razed by recent wildfires and in severe drought. It's also caused widespread power outages in California and Washington state.

4 hours ago - World

Sudan's military places civilian prime minister under house arrest

Sudanese Prime Minister Abdallah Hamdok during a 2020 news conference in Khartoum, Sudan. Photo: Mahmoud Hjaj/Anadolu Agency via Getty Images

Sudan's civilian Prime Minister Abdalla Hamdok was put under house arrest and several other ministers were also detained Monday in what appears to be a military coup in the country, per local reports.

Why it matters: The arrests of the civilian faction in the Sudanese government came a day after U.S. envoy Jeffrey Feltman met with the head of the military faction of the Sudanese government General Abdul Fattah al-Burhan and warned him against staging a coup.