Vammo Closes $45M Series B to Power Sustainable Mobility

Vammo, a company focused on sustainable mobility solutions in Latin America, has secured $45,000,000 in a recent funding round. This investment underscores growing confidence in the electrification of two-wheeled vehicles in the region, a critical step towards reducing carbon emissions and fostering environmental sustainability. The company addresses the significant environmental impact of road vehicles, which contribute 15% of global CO2 emissions. Despite the urgent need for sustainable transport, only about 1% of motorcycles sold in Latin America are electric. Vammo aims to accelerate this transition by tackling key barriers to electric motorcycle adoption: high upfront costs and limited battery range. It highlights that in countries like Brazil, where 85% of electricity comes from renewable sources, electric fleets offer substantial benefits in emissions reduction, noise pollution, and operational cost savings. Vammo's innovative solution revolves around a network of swappable, shared batteries. By offering electric motorcycles and battery rentals at prices competitive with or lower than gasoline alternatives, Vammo makes electric mobility more accessible and affordable for users. This model ensures that charged batteries are readily available, providing riders with virtually unlimited autonomy and eliminating range anxiety, a common impediment for many workers relying on motorcycles for their livelihoods. This substantial capital infusion will be instrumental in expanding Vammo's network and scaling its operations across key markets. The company plans to deploy the funds to further develop its battery-swapping infrastructure, enhance its technology platform, and grow its fleet of electric motorcycles. This investment is set to support Vammo's strategic growth initiatives and its mission to accelerate the electrification of urban transport in Latin America. With this latest funding, Vammo is well-positioned to strengthen its market presence and drive the adoption of electric motorcycles, contributing significantly to a greener, more sustainable future for urban mobility in the region. The company anticipates continued expansion as it works to broaden access to affordable and practical electric transportation.