VEMO
VEMO is a Mexican cleantech company operating an integrated clean mobility platform combining electric vehicle leasing (VEMO Impulso), public charging infrastructure (1,400+ connectors), and fleet management software (ZEE) for ride-hailing drivers, commercial fleets, and individual EV owners across Mexico and Colombia.
- Company typePrivate
- Founded2021
- HeadquartersCiudad Hidalgo, Mexico
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What VEMO does
VEMO is a Mexican cleantech company founded in 2021 in Mexico City through the merger of four specialized mobility companies, with Riverstone Holdings LLC as founding sponsor. It operates an integrated clean mobility platform with three reinforcing pillars: electric vehicles (deployed through the VEMO Conduce driver employment program and the VEMO Impulso lease-to-own fintech), public and private charging infrastructure (VEMO Charging Network with 1,400+ connectors across 18 Mexican states and 55MW+ of installed capacity), and fleet management technology (the proprietary ZEE telemetry platform for route optimization, charging management, and battery health monitoring). The company also operates a consumer mobile application, Watts by VEMO, for locating chargers and processing payments.
VEMO monetizes through four revenue streams: subscription-based weekly vehicle leasing (VEMO Impulso, with 4,000+ vehicles financed to ride-hailing drivers), usage-based public charging fees (90,000+ monthly charging events), managed services for commercial fleet electrification (ChaaS and FaaS bundles targeting enterprises with 100+ vehicles), and professional services through VEMO Conduce driver operations on Uber and DiDi. Pricing models include weekly Impulso payments with no down payment, pay-as-you-go charging at $0.10-$0.30/kWh-equivalent rates, and bespoke enterprise contracts; specific pricing is not publicly disclosed.
The company serves ride-hailing platform drivers (primary), commercial fleet operators, logistics and delivery companies, public transportation systems (Metrobús CDMX), and individual EV owners. Strategic partnerships with Uber, DiDi, BYD, GM, Ford, Siemens, Santander Mexico, TIP México, and BEEL span platform distribution, vehicle supply, charging hardware, and financing. VEMO has raised over US$500 million from institutional investors including Riverstone Holdings, Orion Infrastructure Capital, Vision Ridge Partners, and BEEL Infrastructure Partners, and operates through 12 wholly-owned Mexican subsidiaries plus DAE Mobility Colombia S.A.S.
VEMO firmographics
Firmographics- Name
- VEMO
- Legal name
- PRESTADORA DE SERVICIOS DE MOBILIDAD, S.A. DE C.V.
- Website
- https://vemovilidad.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- VEMO is a Mexican cleantech company operating an integrated clean mobility platform combining electric vehicle leasing (VEMO Impulso), public charging infrastructure (1,400+ connectors), and fleet management software (ZEE) for ride-hailing drivers, commercial fleets, and individual EV owners across Mexico and Colombia.
- Ownership category
- akta.pro rank
VEMO industry classification
Industry- Product category
- Electric Mobility Services
- NAICS
- Passenger Car Rental (532111), Taxi and Ridesharing Services (48531)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510)
- akta.pro primary industry
- EV Fleet Management & Charging Solutions (THADAKAJ)
- akta.pro secondary industries
- Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs) (TLABAHAA), EV Fleet Telematics (Battery/Charging/Range Analytics) (TLABAJAK), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)
Keywords
Where VEMO is headquartered
LocationHeadquarters
- HQ city
- Ciudad Hidalgo
- HQ country
- Mexico
- HQ region
- Latin America
Offices3 records
Markets served
VEMO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Vehicle Leasing and Financing (VEMO Impulso): Financial leasing of electric vehicles to ride-hailing platform drivers, enabling them to become vehicle owners at end of lease. Includes zero down payment, fixed payment plans, and access to charging network. Has financed over 4,000 vehicles.
- Public Charging Network (VEMO Charging Network): Public EV charging infrastructure generating revenue through per-use charging fees. Network operates over 1,400 connectors across 18+ states in Mexico with 90,000+ charging events per month.
- Fleet Management and Electrification Services (VEMO EV Fleets): Integrated solutions for commercial fleet electrification including ChaaS (Charging as a Service), FaaS (Fleet as a Service), and ZEE telemetry platform for enterprise clients.
- Driver Operations (VEMO Conduce): Employment for electric vehicle drivers operating on ride-hailing platforms, generating revenue through platform partnerships and fleet operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Weekly | VEMO Impulso weekly vehicle leasing for ride-hailing drivers |
| Usage-based | Pay-as-you-go | Slow charging (7kW) and fast charging (50.4-120kW) rates |
| Subscription | Annual | Ford vehicle owner charging credit |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels9 records
VEMO product offering
Product offeringCore offering
VEMO operates an integrated clean mobility ecosystem in Mexico combining electric vehicle leasing and financing for ride-hailing drivers (VEMO Impulso), public EV charging infrastructure with 1,400+ connectors across 18+ states (VEMO Charging Network), driver employment services for ride-hailing platforms (VEMO Conduce), enterprise fleet electrification solutions (VEMO EV Fleets including ChaaS and FaaS), and a proprietary ZEE telemetry platform for real-time fleet management, route optimization, and battery health monitoring accessed via the Watts by VEMO consumer app.
Product overview
VEMO operates an integrated clean mobility ecosystem combining three core pillars: (1) electric vehicles for ride-hailing and commercial fleets (VEMO Conduce driver program, VEMO Impulso lease-to-own financing), (2) public and private charging infrastructure (VEMO Charging Network with 1,400+ connectors across Mexico), and (3) fleet management technology (ZEE telemetry platform, ChaaS, FaaS). The company serves individuals through its consumer app (Watts by VEMO) and businesses through VEMO EV Fleets, creating synergies where vehicle demand self-generates charging usage and fleet data powers operational optimization. The ecosystem is unified through the ZEE platform which integrates vehicles, charging infrastructure, and data intelligence.
Differentiator
Problem solved
Functional benefit
Brands
- VEMO Charging Network: Public EV charging network operated by VEMO, described as Mexico's most robust and reliable public charging network with over 1,400 connectors
- VEMO Impulso
- VEMO Conduce
- VEMO EV Fleets
- ZEE (Zero Emission Ecosystem)
- Watts by VEMO
- ChaaS (Charging as a Service)
- FaaS (Fleet as a Service)
Products and services
- VEMO Impulso Fintech-powered lease-to-own financing program enabling independent ride-hailing drivers to acquire electric vehicles, with weekly fixed payments, no down payment (enganche), and path to vehicle ownership at end of lease. Includes 24/7 support, substitute vehicles, specialized insurance, and access to the VEMO Charging Network. Over 4,000 vehicles financed.
- VEMO Charging Network (VCN) Mexico's largest public EV charging network providing accessible charging stations for electric vehicles across 18+ states with over 1,400 connectors and 90,000+ charging events per month. Supports both slow (7kW) and fast (50.4kW-160kW) charging.
- VEMO Conduce Employment program offering drivers the opportunity to operate electric vehicles on ride-hailing platforms (Uber, DiDi) with formal employment, benefits, and growth opportunities within VEMO.
- VEMO EV Fleets Comprehensive fleet electrification solutions for businesses including electric vehicles, charging infrastructure, and the ZEE management platform, offered under ChaaS (Charging as a Service) and FaaS (Fleet as a Service) models for commercial fleet operators with 100+ vehicles.
- ZEE (Zero Emission Ecosystem) Proprietary fleet telemetry and management platform providing real-time monitoring, route optimization, charging management, and battery health analytics for electric vehicle fleets. Powers process automation and predictive analytics across VEMO's ecosystem.
- Watts by VEMO Mobile application for locating EV charging stations, initiating charging sessions, monitoring consumption in real-time, processing payments via credit/debit card, and accessing billing and history for charging events. Supports slow (7kW) and fast (50.4kW-120kW) chargers.
- ChaaS (Charging as a Service) Complete charging infrastructure management and operation service for businesses, including station supervision, maintenance, and advanced charging technology to ensure efficient and reliable charging operations.
- FaaS (Fleet as a Service) Subscription-based electric fleet solution bundling vehicles, charging infrastructure, and technical support with real-time data access via the ZEE platform for fleet optimization and sustainable operations.
Quantifiable outcome
- 20%+ increase in driver net income
- +6 more outcomes
Companies that use VEMO
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles4 records
VEMO technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
VEMO partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor, core and primary.
- StalemminorEuropean pilot partner for TFREE's AI Micro Mobility testing. VEMO running pilot projects for intelligent fleet operations and digital energy replenishment.
- C40 CitiesminorPartnership for cargo transport electrification in Mexico with The Climate Pledge. Demonstrates fleet electrification transition is possible, affordable, and necessary.
- TIP MéxicominorJoint offering for sustainable fleet mobility. TIP's 30+ years of fleet leasing combined with VEMO's electrification solutions. Provides advisory services for fleet transition to electric.
- FordminorFord EV owners receive up to $5,000 MXN credit for VEMO Charging Network access. Strategic partnership to improve charging access for Ford E-Transit and Mustang Mach-E owners.
- General MotorscoreGM EV owners gain access to VEMO Charging Network with credits. VEMO installs home chargers for GM EV buyers. Partnership supports GM's Zero Emissions vision with 600+ chargers across 14 states.
- DiDiprimaryPartnership for driver vehicle financing and electric fleet operations on DiDi platform. Access to VEMO Impulso credit for DiDi drivers to transition to electric vehicles.
- SiemenscoreAlliance to deploy 160kW fast chargers at 6 strategic highway locations connecting Mexico City. Siemens provides charging technology as part of highway charging network expansion. Deployment planned for 2024.
- BYDcoreStrategic supply partnership for BYD D1 electric vehicles designed for ride-hailing. Up to 1,000 vehicles planned for VEMO fleet. D1 features 400km range, 137HP motor, optimized for high-utilization mobility.
- BeatminorVEMO acquired Viral Code assets in Mexico and Colombia which operated on Beat platform. Expands VEMO's Latin American presence in ride-hailing electrification.
- UberprimaryStrategic partnership for electric vehicle deployment on Uber platform. Includes VEMO Impulso financing for drivers to own EVs, VEMO Conduce driver employment, and charging infrastructure. Over 6 million trips completed, 75+ million electric km. Partnership entering third year.
Scale indicators17 records
Recent moves9 records
Expansion highlights7 records
VEMO competitors and assessment
Company assessmentBroad incumbents
- Blink Charging: US-listed EV charging equipment and network operator with a fleet charging product line. Comparable to VEMO in offering Level 2 and DC fast charging with software management, though primarily focused on the US market.
- Geotab: Global leader in fleet telematics and vehicle analytics, with significant Latin American and commercial fleet presence. Most comparable to VEMO's ZEE telemetry platform, with overlap in route optimization and battery/charging analytics for electrified fleets.
- Samsara: Connected operations cloud with strong fleet management and EV-specific modules. Comparable to ZEE in providing fleet telematics, route optimization, and battery health monitoring for commercial fleets.
- Ald Automotive (Ayvens): One of the world's largest fleet leasing and management companies, recently rebranded as Ayvens after Société Générale merger. Comparable to VEMO Impulso and VEMO EV Fleets in providing multi-country fleet leasing services.
- ChargePoint: Largest independent EV charging network in North America with public, fleet, and workplace charging. Operates a broader portfolio than VEMO and has deeper balance sheet, but its networked charging model and fleet software (ChargePoint Fleet) overlap significantly with ZEE and VCN.
- LeasePlan: Global fleet management and vehicle leasing company now owned by ALD/Ayvens. Comparable to VEMO Impulso and EV Fleets in operating large-scale commercial vehicle leasing programs, with growing EV focus.
Others
- BYD: Global EV manufacturer and VEMO's strategic vehicle supply partner for the D1 ride-hail fleet. Adjacent rather than directly competitive, as BYD supplies vehicles and operates its own charging, while VEMO provides financing, fleet management, and complementary charging infrastructure.
Direct peers
- Wallbox: Spanish-headquartered EV charging hardware and software provider expanding across Latin America. Comparable to VEMO in offering integrated charging solutions with bidirectional and managed-services components, targeting similar fleet and residential segments.
- Evergo: Brazilian EV charging network operator backed by BTG Pactual. Operates the largest charging network in Brazil with a model closely paralleling VEMO's public charging and fleet electrification business in Mexico and Colombia.
- Enel X Way: Enel's EV charging division operates public and private charging networks across Latin America, including Mexico and Colombia. Most directly comparable to VEMO's VCN business with overlapping geographic focus and infrastructure-led model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
VEMO social profiles
Digital presenceVEMO financial estimates
Financial estimateRevenue estimate
Valuation estimate
VEMO leadership team
Management profileNumber of profiles
Profiles10 records
VEMO subsidiaries and ownership
Company hierarchySubsidiaries12 records
VEMO funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VEMO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VEMO
What does VEMO do?
VEMO operates an integrated clean mobility ecosystem in Mexico combining electric vehicle leasing and financing for ride-hailing drivers (VEMO Impulso), public EV charging infrastructure with 1,400+ connectors across 18+ states (VEMO Charging Network), driver employment services for ride-hailing platforms (VEMO Conduce), enterprise fleet electrification solutions (VEMO EV Fleets including ChaaS and FaaS), and a proprietary ZEE telemetry platform for real-time fleet management, route optimization, and battery health monitoring accessed via the Watts by VEMO consumer app.
Is VEMO a public or private company?
VEMO is a private company. It is classified as private equity controlled and is currently operating.
When was VEMO founded?
VEMO was founded in 2021. It employs 1,001 to 5,000 people.
Where is VEMO based?
VEMO is headquartered in Ciudad Hidalgo, Mexico, in the Latin America region.
How does VEMO make money?
Four revenue lines are on record. Vehicle Leasing and Financing (VEMO Impulso) is the primary driver. The others are public Charging Network (VEMO Charging Network), fleet Management and Electrification Services (VEMO EV Fleets) and driver Operations (VEMO Conduce).
Who are VEMO's main competitors?
Broad incumbents on record are Blink Charging, Geotab, Samsara, Ald Automotive (Ayvens), ChargePoint and LeasePlan. BYD is listed as an others. Direct peers are Wallbox, Evergo and Enel X Way.
Does VEMO have an API?
No public API is recorded for VEMO.
What industry is VEMO in?
VEMO's product category is Electric Mobility Services. Its primary akta.pro industry code is THADAKAJ, EV Fleet Management & Charging Solutions, with a secondary code of TLABAHAA, Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs). Its NAICS code is 532111 and its SIC code is 7510.