VEMO Company Profile

Background

Overview

VEMO is a Mexican cleantech company founded in 2021, dedicated to accelerating the adoption of clean mobility technologies across Mexico and Latin America. The company offers an integrated solution that combines electric vehicles (EVs), charging infrastructure, and fleet management technology, forming a comprehensive clean mobility ecosystem. VEMO's mission is to combat climate change, promote cleaner air, create sustainable jobs, and enhance financial inclusion.

Mission and Vision

VEMO aims to be a transformative force in urban mobility by providing accessible and sustainable transportation solutions. The company's vision is to lead the transition to clean mobility in Latin America, fostering environmental sustainability and economic development.

Industry Significance

As a pioneer in Mexico's EV sector, VEMO plays a crucial role in expanding the country's clean mobility infrastructure. Its integrated approach addresses key challenges in EV adoption, including vehicle availability, charging infrastructure, and fleet management, positioning VEMO as a significant contributor to Mexico's sustainable transportation future.

Key Strategic Focus

Core Objectives

Expansion of Charging Infrastructure: Developing a robust network of public and private EV charging stations across Mexico.

Fleet Electrification: Providing comprehensive solutions for corporate clients to transition their vehicle fleets to electric.

Financial Inclusion: Offering accessible financing options for underbanked individuals to adopt EVs.

Areas of Specialization

Integrated Mobility Solutions: Combining EVs, charging infrastructure, and fleet management into a cohesive service offering.

Sustainable Transportation: Promoting eco-friendly transportation options to reduce carbon emissions.

Technology-Enabled Services: Utilizing advanced technology for fleet management and charging solutions.

Key Technologies Utilized

EV Fleet Management Software: Proprietary platforms for real-time monitoring and optimization of EV fleets.

Charging Infrastructure: Deployment of smart charging stations with advanced features for efficient energy use.

Data Analytics: Leveraging data to enhance operational efficiency and customer experience.

Primary Markets Targeted

Urban Transportation: Serving city dwellers seeking sustainable mobility options.

Corporate Fleets: Assisting businesses in transitioning to electric vehicle fleets.

Underbanked Individuals: Providing financing solutions for those without access to traditional banking services.

Financials and Funding

Funding History

VEMO has secured over $500 million in funding to date, comprising:

Equity Investments: Over $350 million from international investors, including Riverstone Holdings and Orion Infrastructure Capital.

Debt Financing: More than $150 million from global sustainable infrastructure investors and specialized Mexican lenders.

Recent Funding Rounds

September 2025: A $250 million commitment led by Vision Ridge Partners to accelerate clean mobility expansion.

February 2025: MXN 1.3 billion (approximately $65 million) raised from Beel Credit, Banco Covalto, Kapital, and Promecap to expand VEMO Impulso's vehicle financing operations.

Utilization of Capital

The funds are allocated towards:

Charging Infrastructure Development: Expanding the network of EV charging stations across Mexico.

Fleet Expansion: Increasing the number of electric vehicles in VEMO's fleet and supporting corporate clients in fleet electrification.

Technology Enhancement: Advancing fleet management software and data analytics capabilities.

Pipeline Development

Key Pipeline Candidates

VEMO Conduce: Ride-hailing services using VEMO's own branded EV fleet, operated by VEMO-hired drivers charging at VEMO-owned hubs.

VEMO Impulso: A lease-to-own solution for underbanked ride-hailing drivers, offering access to EVs and hybrid vehicles.

VEMO EV Fleets: Integrated fleet electrification and smart charging infrastructure solutions for corporate clients.

VEMO Charging Network (VCN): Charging hubs located in prime real estate locations, leveraging captive demand from VEMO's integrated services.

Stages of Development

VEMO Conduce: Operational with a growing fleet of EVs serving ride-hailing platforms.

VEMO Impulso: Active, providing financing solutions to underbanked drivers.

VEMO EV Fleets: In development, offering tailored electrification solutions to corporate clients.

VEMO Charging Network: Expanding, with new charging stations being deployed in strategic locations.

Target Conditions

Urban Mobility: Addressing the need for sustainable transportation in urban areas.

Corporate Sustainability Goals: Assisting businesses in meeting environmental targets through fleet electrification.

Financial Inclusion: Providing accessible EV ownership options to underbanked individuals.

Anticipated Milestones

2025: Expansion of VEMO Conduce's fleet and service coverage.

2026: Launch of VEMO EV Fleets for corporate clients.

2027: Completion of VEMO Charging Network's initial deployment phase.

Technological Platform and Innovation

Proprietary Technologies

Fleet Management Software: A proprietary platform for real-time monitoring and optimization of EV fleets.

Charging Infrastructure: Smart charging stations with advanced features for efficient energy use.

Data Analytics: Utilizing data to enhance operational efficiency and customer experience.

Significant Scientific Methods

Predictive Maintenance Algorithms: Using machine learning to predict and prevent vehicle maintenance issues.

Energy Optimization Models: Developing models to optimize energy consumption across the charging network.

Leadership Team

Roberto Rocha: Co-Founder and CEO. With a background in private equity, Roberto has been instrumental in VEMO's strategic direction and growth.

Germán Losada: Co-Founder, Chairman, and COO. Germán brings extensive experience in operations and has played a key role in scaling VEMO's operations.

Nicolás Estrada: Chief Financial Officer. Nicolás oversees VEMO's financial strategy and has been pivotal in securing funding for the company's expansion.

Competitor Profile

Market Insights and Dynamics

The EV market in Mexico is experiencing rapid growth, driven by environmental awareness, government incentives, and technological advancements. VEMO's integrated approach positions it well to capitalize on this expanding market.

Competitor Analysis

Prado Power: A Nigerian cleantech company focusing on renewable energy solutions.

TELIOSPACE: A South African company specializing in digital solutions promoting sustainability.

Impax Group Inc.: A financial services firm with a focus on environmental and cleantech investments.

Synergia Biotech: A cleantech venture using microbes to remove CO2 from the atmosphere.

Destiny Copper: Develops innovative, low-cost, modular cleantech hydro-metallurgical copper extraction systems.

ECOSLOPS: A French cleantech company offering efficient solutions to recycle ship-generated oily waste.

Strategic Collaborations and Partnerships

Vision Ridge Partners: Led a $250 million investment in September 2025 to accelerate VEMO's expansion.

Riverstone Holdings: An initial backer providing significant equity funding.

Orion Infrastructure Capital: Provided over $150 million in debt financing.

BYD: Supplied over 1,000 electric vehicles for VEMO's fleet.

Operational Insights

VEMO's integrated model allows for synergies between its services ensuring efficient operations and customer experience.

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