Funo Internalizes Processes
Fibra Uno (Funo), the first real estate investment trust in Mexico, announced that starting January 1st, the company will reflect a new corporate structure with internalized real estate advisory and representation processes.
Funo stated that this decision to internalize these processes aligns with the highest corporate governance standards and follows similar measures adopted by other fibras to enhance efficiency. The company has already received authorization from the newly established National Antimonopoly Commission to consolidate its industrial assets into the Fibra Next instrument.
Volaris Expands Its Reach in Mexico
Volaris, Mexico’s leading airline in terms of users, initiated operations for its route connecting Durango and Guadalajara with three weekly frequencies on Mondays, Wednesdays, and Fridays.
With 48 routes from Guadalajara and an average of 85 daily operations, Volaris aims to reach 100 daily operations from the Jalisco capital before year-end. This expansion further solidifies Volaris’s position as a major player in Mexico’s aviation sector.
Netflix Introduces New Ad Metric
On Wednesday, Netflix announced that its ads reached over 190 million monthly active users (MAVs) worldwide after implementing a new metric to measure its advertising reach in terms of people instead of accounts.
As Netflix expands into advertising and video games, two areas that have contributed minimally to revenue so far, according to analysts and investors, this new metric will allow the company to have a “more comprehensive count” of individuals actually viewing content on its platform.
Netflix defines MAV as the number of users who have watched at least one minute of ad-supported programming, multiplied by the average number of people per household based on internal research.
Solfium Secures Funding for Solar Energy Distribution
Solfium, a solar technology company, raised $10 million in Series A funding, which will accelerate the adoption of distributed solar energy in Mexico.
The round was led by the non-profit organization Acción and the investment firm Alive Ventures, with participation from Kamay Ventures. This initial investment marks the beginning of a multi-stage financing process.
Solfium offers affordable financing options, making solar energy an attractive and cost-effective solution for large corporations and micro, small, and medium-sized enterprises investing in growth.
Companies utilizing Solfium’s platform can reduce energy costs by up to 95% over a solar photovoltaic system’s 25-year lifespan, according to the company.
Key Questions and Answers
- What is Fibra Uno (Funo)? Fibra Uno is the first real estate investment trust in Mexico, focusing on owning and managing income-generating real estate properties.
- Why did Funo internalize its processes? Funo decided to internalize real estate advisory and representation processes to meet the highest corporate governance standards and improve efficiency.
- What is Volaris’s new route? Volaris launched a route connecting Durango and Guadalajara with three weekly frequencies.
- How does Netflix’s new ad metric work? Netflix measures its advertising reach by counting the number of unique individuals who have watched at least one minute of ad-supported content, multiplied by the average number of people per household.
- What is Solfium and what did it achieve with its funding? Solfium is a solar technology company that raised $10 million in Series A funding to accelerate the adoption of distributed solar energy in Mexico.
