Vammo receives $30M to scale e-motorcycle battery swapping across Latam

Vammo, the Brazilian electric mobility startup, secured a $30M Series A funding round led by Monashees, the climate tech fund 2150, and Maniv Mobility

Vammo offers an electric motorcycle rental service with a subscription model, providing users unlimited access to battery-swapping stations in Brazil.

 “Electric cars are still too expensive for a significant portion of the population. Our solution is a more affordable alternative and appeals to both affluent and lower-income individuals. Motorcycles play a crucial role in driving the transition to electric mobility in Brazil,” said Billy Blaustein, Vammo’s Co-Founder and COO.

With the new funding, Vammo plans to scale across Brazil in the short term and, eventually expand to other Latin American countries, starting with Colombia and Mexico.

Read more on TechCrunch

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