Keeling Curve

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Vammo is an electric 2-wheeler leasing and battery swapping network targeted at motorcycle couriers in Latin America. Vammo offers a subscription to couriers which includes electric motorcycle rental, documentation, insurance, maintenance and unlimited battery swaps within their network. They are building their user base by offering a seamless swapping experience at a price point that is cost-competitive to ICE equivalents. Vammo currently has partnerships with three of the largest players in food and goods delivery in Brazil: ifood, Mercado Livre and Rappi. As 88% of Brazil’s electricity is renewable, motorcycle EVs are a particularly attractive solution to decarbonize transport and boost public health in Latin American cities. Only two years old, the company has already surpassed 350,000 battery swaps and enabled 13 million km of decarbonized travel throughout São Paulo.

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Vammo is committed to reshaping the climate movement by amplifying the voices and participation of traditionally underserved communities. With roots in Brazil, a nation famous for a complex and diverse landscape, Vammo specifically caters to 'Motoboys', motorcycle couriers who generally earn $500-$700 per month. With electric two-wheelers priced significantly lower than ICE alternatives, Vammo’s model emphasizes affordability and accessibility through leasing options and strategically located battery swap stations throughout the greater São Paulo. Unlike the West, where Tesla for the wealthy has driven the EV agenda, Vammo is confident that the bottom of the social period will be the heroes of the EV transition in Latin America.

Internally, Vammo is deeply committed to nurturing a workplace culture that champions diversity, equality, and inclusion. They actively seek talent through NGOs like Responsa, that build career pathways to rehabilitate individuals with criminal backgrounds, enabling their reintegration into society. Presently, two-thirds of their operators have been recruited from Responsa.

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