NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Rebecca Bellan

Vammo, the São Paulo-based startup that wants to scale electric motorcycle battery swapping in Latin America, has raised a $30 million Series A round to capture the growth in popularity of motorcycles across the region.

The startup, formerly Leoparda Electric, offers an e-motorcycle subscription that comes with unlimited access to battery swapping stations.

Photo courtesy of Markus Winkler.