Vammo
São Paulo, BR · Founded 2022 · 231 employees on LinkedIn · 12 known investors
Vammo offers electric motorcycles on a subscription model with a battery-swapping network, letting riders exchange a depleted battery for a charged one in under a minute and providing preventive maintenance and 24-hour support. It targets urban commuters and riders in large Brazilian city centers.
Also known as Leoparda Electric
Founders & leadership
Vammo was founded in 2022 by Billy Blaustein and Jack Sarvary.
Investors · 12
Also in the syndicate · 2
Funding
SEC filings, press & company announcements$45M disclosed across 1 of 2 rounds · 2025
- $45MSeries BOct 2025 · 4 sources
Ecosystem Integrity Fund (lead), Ecosystem Integrity Fund (EIF) (lead), 2150, Construct Capital, Endeavor Catalyst, Maniv Mobility, Monashees, Qualcomm Ventures, Tesla alumni syndicate
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Vammo is a São Paulo-based electric mobility platform that rents electric motorcycles on subscription plans and operates a battery-swapping network. Subscribers use the Vammo app to find nearby swap boxes, exchange a depleted battery for a charged one in under a minute, locate service centres, schedule maintenance and manage payments. The company markets more than 300 swap points across greater São Paulo and offers two motorcycle models: the CPX (3,500 W nominal / 4.7 kW peak, top speed 100 km/h, 45-65 km on one battery) and the ComFORT (4,300 W nominal / 6.1 kW peak, 100 km/h, 85-100 km on two batteries), both weighing 125 kg with lithium batteries and CBS brakes.
Beyond vehicles and batteries, Vammo runs "Casas Vammo" — rider lounges in the Tatuapé, Vila Olímpia, Mooca and Jardim Ângela neighbourhoods offering rest space, Wi-Fi, power outlets, coffee and meeting rooms — plus a branded apparel store on Av. Henry Ford in Mooca. As of late 2025 the company reported roughly 5,000 vehicles and more than 150 swap stations in São Paulo, and operates a manufacturing plant in Manaus. Following a $45 million Series B announced in October 2025, it stated plans to invest more than R$500 million in local manufacturing and R&D, to expand into new markets in Brazil and Latin America, and to develop a hybrid ethanol-electric motorcycle platform.
Business model
Vammo rents electric motorcycles directly to riders on weekly-billed subscription plans (annual or monthly commitments) that bundle unlimited battery swaps, preventive maintenance, brake pad and tyre replacement, motorcycle insurance, IPVA vehicle tax, towing, a replacement bike when service exceeds three hours and 24-hour human support. Accessories such as a 90 L top box (R$20/week) and a windscreen (R$5/week) are add-ons billed automatically. The company also sells branded apparel through a physical store in Mooca.
Recurring subscription revenue. Two structures are offered: a per-kilometre plan combining a weekly base fee with R$0.24 per km ridden (CPX annual R$159/week, CPX monthly R$209/week, Comfort annual R$189/week), with weekly invoices capped at R$499; and an unlimited-kilometre plan at a flat R$459 per week (annual commitment, Comfort model only). Homepage pricing shows entry points from R$139-R$239 per week depending on plan. Payments are taken by Pix or credit card via Mercado Pago; cash and boleto are not accepted. Additional fees include R$50 for missed or unscheduled service appointments, and traffic fines can be instalment-billed through the app.
Traction
Company-reported cumulative impact figures: more than 8 million battery swaps, over 217 million kilometres ridden, more than R$70 million in savings generated for riders and over 27,000 tonnes of CO2 avoided. More than 300 swap points are advertised across greater São Paulo. Third-party reporting in October 2025 cited approximately 5,000 vehicles and over 150 swap stations, 10x year-over-year growth, and partnerships with Uber, 99, Rappi and iFood. Electrek previously reported the company passing 1 million battery swaps.
Latest developments
On 29-31 October 2025 media reported a $45 million Series B led by Ecosystem Integrity Fund, with Construct Capital, 2150, Qualcomm Ventures, Monashees, Maniv (Maniv Mobility), Endeavor Catalyst and a syndicate of Tesla alumni participating. Stated uses of proceeds: R&D on a hybrid ethanol-electric motorcycle platform, expanded manufacturing and operations across Brazil and Latin America, strengthening its São Paulo presence, and more than R$500 million of investment via Manaus for local production of electric motorcycles and charging equipment. The company has also restructured pricing, cutting weekly base fees (CPX from R$179 to R$159; Comfort from R$239 to R$189), removing mileage tiers in favour of a flat R$0.24/km, and adding an unlimited-kilometre plan.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as a clean-energy two-wheel mobility platform for Latin American megacities in a market where, by the company's account, only 1% of motorcycles sold in Latin America are electric. It has been recognised as a 2024 Technology Pioneer by the World Economic Forum, included in Fast Company's most innovative companies in Latin America for 2025, and named in a Bloomberg Línea list of Brazilian startups to watch in 2025; it also received Design For a Better World Awards and a Latin America Design Awards 2024 brand-identity award.
Vertical integration of the two-wheel EV stack — vehicle (an exclusively supplied, locally adapted VMoto CPX), proprietary interoperable swappable batteries, swap boxes, IoT telemetry, fleet management software and a customer app — combined with a subscription that bundles financing, insurance, taxes and maintenance so riders avoid fuel and upkeep costs. Management describes the combination of hardware, battery technology and software optimising charging cycles and battery life as the core of the model. Local manufacturing in Manaus and battery boxes engineered for Latin American conditions are further stated differentiators.
Technology
Vammo develops its own hardware and software stack: an in-house "all-in-one" management platform for the swap network and fleet; a customer app for swap payments, station location, bookings and maintenance scheduling; battery-swap boxes designed for Latin American usage conditions; an interoperable battery customised for swapping; and IoT connectivity giving asset tracking and real-time diagnostics across boxes, batteries and motorcycles. The VMoto CPX motorcycle is customised for Brazilian street conditions and supplied exclusively to Vammo. The company states it designs and builds its own battery systems, charging infrastructure and IoT devices, and that its network runs on 100% renewable energy sources. Post-Series B R&D includes a hybrid ethanol-electric motorcycle platform.
Go-to-market
Urban riders and commuters in large Brazilian city centres, including delivery couriers; press coverage highlights delivery riders as a core segment. Renters must hold a category A (motorcycle) Brazilian driving licence, including provisional licences, and pass credit/registration approval; the contract must be in the name of the person riding.
Geography
Headquartered and operating in São Paulo, Brazil, with a swap network across the greater São Paulo region, four Casa Vammo rider lounges (Tatuapé, Vila Olímpia, Mooca, Jardim Ângela), multiple operational/service centres in the city, a retail store in Mooca, and a manufacturing plant in Manaus. Stated expansion ambitions cover further markets in Brazil and Latin America.
History
Founded in 2022, the company initially operated under the name Leoparda Electric and rebranded to Vammo about three months later, according to press coverage referenced by the company. Early coverage reported an $8.5 million raise to popularise electric motorcycles in Brazil and Latin America, framed around founders with backgrounds at Tesla and Rappi. Jack Sarvary is co-founder and CEO alongside co-founder Billy Blaustein. In October 2025 the company announced a $45 million Series B led by Ecosystem Integrity Fund, earmarked for capacity expansion, manufacturing, R&D including a hybrid ethanol-electric platform, and entry into new markets.
Risks & controversies
Co-founder statements on the company site note that Vammo operates without government support in Brazil. Electric motorcycles remain a small share of the Latin American market, with the company citing roughly 1% of motorcycles sold in the region being electric, implying dependence on adoption growth. Subscription terms shift traffic-fine liability and licence points to the renter, and permit extra charges for premature or improper wear, no-shows and unscheduled service visits.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 7
launches, deals, and filingsVammo announced a $45 million Series B round led by San Francisco-based clean-tech investor Ecosystem Integrity Fund, with Construct Capital, 2150, Qualcomm Ventures, Monashees, Maniv, Endeavor Catalyst and a syndicate of Tesla alumni participating. Proceeds are earmarked for R&D on a hybrid ethanol-electric motorcycle platform and expansion of manufacturing and operations in Brazil and Latin America.
$45M source ↗
Following its Series B, Vammo said it would invest more than R$500 million through Manaus to support local production of electric motorcycles and charging equipment, create high-tech jobs and strengthen Brazil's EV industrial base. The company operates a manufacturing plant in Manaus.
Coverage of the Series B reported that Vammo has grown tenfold year-over-year through partnerships with ride-hailing and delivery platforms Uber, 99, Rappi and iFood.
Press coverage cited by the company reports that Leoparda Electric changed its name to Vammo about three months after launch.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
Specter Monitor #241insights.tryspecter.com · Aug 2026▸Research sources · 8
primary sources listed
- Vammovammo.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Vammo do?
- Brazilian startup renting electric motorcycles by subscription, backed by its own battery-swapping network in São Paulo.
- Who founded Vammo?
- Vammo was founded by Billy Blaustein, Jack Sarvary in 2022.
- Who are Vammo's investors?
- Vammo's investors include 2150, Avila, Carbon, Construct Capital, Ecosystem Integrity Fund, K50 Ventures, Latitud Ventures, Maniv Mobility and 2 more.
- How much funding has Vammo raised?
- Vammo has disclosed $45M raised across 1 of its 2 known rounds.
- Where is Vammo headquartered?
- Vammo is headquartered in São Paulo, BR.