Unknown (electric motorcycle company)
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Brazilian battery swap firm Vammo reaches 10 million swaps and EBITDA profitability
Vammo, a São Paulo based electric motorcycle and battery swapping company, has surpassed 10 million battery swaps since launching in 2022, up from 1 million swaps in early 2024. The firm now operates around 1,000 swapping points serving more than 10,000 active riders and has achieved EBITDA profitability. Vammo is expanding to Campinas as its second city, with plans to focus on São Paulo state before broader Latin American rollout.
Why it matters
The profitability milestone and rapid swap volume growth demonstrate a viable commercial model for battery swapping infrastructure in high density two wheeler markets, where São Paulo state alone sees over 500,000 motorcycle sales annually. Vammo's expansion plans signal potential procurement opportunities for swapping hardware and energy management systems across Latin America's urban delivery and mobility sectors.