Mexican electric mobility company VEMO secured about $64M led by Beel Credit, Banco Covalto, Kapital, and Promecap.
VEMO offers end-to-end electric mobility solutions, including EV leasing, charging stations, and fleet management. VEMO helps independent drivers transition from gas-powered to electric vehicles with a simple and complete system that makes fleet electrification easier.
With this investment, VEMO aims to expand its electric fleet, install more charging infrastructure, enhance its fleet management technology, and expand VEMO Impulso, its car leasing program for ride-hailing drivers.
Founded in 2021, VEMO has installed over 550 charging stations across Mexico and operates one of the country’s largest EV ride-hailing and last-mile delivery fleets. Collaborating with global leaders like Siemens, Uber, Santander, and BYD, VEMO helps businesses and drivers reduce fuel costs, lower emissions, and the adoption of electric mobility in Mexico.
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