Vammo Raises $45M Series B to Scale Electric-Motorcycle Ecosystem in Brazil and LaTam

Vammo Series B raises $45 million to expand electric motorcycles and battery-swapping infrastructure across Brazil and Latin America. The round strengthens Vammo’s ambition to decarbonize high-utilization urban logistics, starting with delivery riders who depend on fast turnarounds and predictable operating costs — a segment where electrification delivers immediate efficiency and economic gain.

Founded in 2022 by Billy Blaustein and Jack Sarvary, São Paulo-based Vammo operates an end-to-end electrified fleet ecosystem: subscription-based e-motorcycles, proprietary telematics, and a network of battery-swap stations engineered to eliminate charging downtime. The company reports 5,000 electric motorcycles in circulation and 150 swap stations across Greater São Paulo — one of the densest two-wheeler logistics corridors outside Asia.

The $45 million Series B was led by Ecosystem Integrity Fund (EIF), with participation from 2150, Qualcomm Ventures, Construct Capital, Maniv Mobility, Monashees, and former Tesla executives. The round builds on Vammo’s previously disclosed $30 million Series A and reinforces Brazil’s emergence as a scale market for electrified last-mile logistics.

Cofounder and CEO Jack Sarvary says the company will invest more than R$500 million in its manufacturing hub in the Manaus Free-Trade Zone, expand infrastructure in São Paulo and Rio de Janeiro, and accelerate entry into Mexico and other Latin American cities. Vammo also expects to secure up to $75 million in debt over the next 24 months to support fleet expansion and battery-infrastructure financing.

Brazil and Mexico are among the world’s largest motorcycle markets, driven by e-commerce and gig-delivery platforms. As Brazil advances zero-emission delivery corridors and EV supply-chain incentives, Vammo’s integrated model — battery-as-a-service, distributed energy operations, telematics, and fleet leasing — aligns with electrification playbooks in India and Southeast Asia.

The Firms Behind the Deal — Vammo funding counsel not disclosed

Legal counsel remain undisclosed for this transaction. BYL verified legal representation and will update should authorization for disclosure be granted.

Context — prior counsel patterns for these funds (not specific to this Vammo Series B)

• Ecosystem Integrity Fund (EIF) & 2150 — often advised by Goodwin (Tech/Mobility; ref. Andrew Davis)
• Qualcomm Ventures — in-house team plus Covington & Burling / Proskauer in select transactions
• Construct Capital — Cooley (fund formation & venture; e.g., John Clendenin, Katelyn Kimber)
• Maniv Mobility — jurisdiction-specific counsel (e.g., AYR in Israel; YPOG in Germany)
• Monashees — commonly advised in Brazil by Bronstein, Zilberberg, Chueiri & Potenza (BZCP); cross-border docs often supported by Gunderson Dettmer (Tech/VC; Daniel Green, Brian Hutchings  and Veirano; in-house: Muriel Kaufmann
• Other key cross-border LatAm deals often feature Foley & Lardner (Tech/Venture/M&A; André Thiollier), Wilson Sonsini, and Greenberg Traurig (Tech/Innovation; Matt Squires), reflecting the Silicon Valley–LatAm venture corridor

These references reflect prior public transactions and do not imply participation in Vammo’s Series B.

In other deals — Axia Energia consolidates full control of Tijoá for R$247 million

Axia Energia (formerly Eletrobras) acquired the remaining 50.1% of Tijoá Energia, concessionaire of the 808MW UHE Três Irmãos hydropower plant, for R$247 million. The deal ends long-running arbitrations and releases approximately R$390 million in judicial deposits, advancing Axia’s renewables and asset-optimization strategy.

Other Related Reading — Latin America venture momentum

• Enter Series A 2025: Founders Fund and Sequoia Back Brazilian AI Startup at R$2B Valuation
• Brazil’s Fintech Infrastructure: Pagaleve, Kanastra and Clash Are Rebuilding the Rails of Finance

As part of the region’s scaling investment cycle, other top global funds are backing infrastructure and mobility platforms across LatAm.

🇧🇷 Resumo em português

A Vammo levantou $45 milhões em sua Série B para ampliar sua frota de motos elétricas e sua rede de estações de troca de baterias no Brasil, com expansão planejada para o México e outros mercados regionais. A empresa e os investidores solicitaram confidencialidade sobre a assessoria jurídica nesta rodada, enquanto o plano industrial prevê investimentos em Manaus e possíveis captações de dívida para financiar a expansão da infraestrutura.

🇪🇸 Resumen en español

Vammo recaudó $45 millones en su Serie B para expandir su flota de motos eléctricas y su red de estaciones de intercambio de baterías en Brasil y Latinoamérica. La empresa y los inversionistas solicitaron confidencialidad respecto al asesoramiento legal en esta ronda, mientras avanzan inversiones industriales en Manaos y posibles líneas de deuda para ampliar la infraestructura.