VEMO

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.

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

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

• Electric vehicle leasing
• Public EV charging
• Fleet electrification
• Clean mobility platform
• Fleet management software

Headquarters

HQ city

Ciudad Hidalgo

HQ country

Mexico

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. Driver Operations (VEMO Conduce): Employment for electric vehicle drivers operating on ride-hailing platforms, generating revenue through platform partnerships and fleet operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core 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

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor, core and primary.

• StalemminorStrategic or Co-development Partner · 25 June 2026European pilot partner for TFREE's AI Micro Mobility testing. VEMO running pilot projects for intelligent fleet operations and digital energy replenishment.
• C40 CitiesminorStrategic or Co-development Partner · 1 April 2026Partnership for cargo transport electrification in Mexico with The Climate Pledge. Demonstrates fleet electrification transition is possible, affordable, and necessary.
• TIP MéxicominorStrategic or Co-development Partner · 26 June 2025Joint 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.
• FordminorGTM or Marketing Partner · 15 May 2025Ford 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 MotorscoreGTM or Marketing Partner · 7 November 2024GM 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.
• DiDiprimaryStrategic or Co-development Partner · 26 February 2024Partnership for driver vehicle financing and electric fleet operations on DiDi platform. Access to VEMO Impulso credit for DiDi drivers to transition to electric vehicles.
• SiemenscoreTechnology or Integration · 11 October 2023Alliance 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 or Co-development Partner · 13 December 2022Strategic 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.
• BeatminorStrategic or Co-development Partner · 1 December 2022VEMO acquired Viral Code assets in Mexico and Colombia which operated on Beat platform. Expands VEMO's Latin American presence in ride-hailing electrification.
• UberprimaryStrategic or Co-development Partner · 1 February 2022Strategic 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

Broad 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

• YouTubeyoutube.com/@vemo_mx
• Facebookfacebook.com/vemomexico
• LinkedInlinkedin.com/company/vemovilidad
• Instagraminstagram.com/vemomexico
• TikToktiktok.com/@vemomx

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VEMO