vemo

VEMO is a Mexican cleantech company that operates an integrated clean mobility ecosystem with a significant fintech component through its division VEMO Impulso. Founded in 2021 by Roberto Rocha and Germán Losada and headquartered in Miguel Hidalgo, Mexico City, the company provides electric vehicles, charging infrastructure, and fleet management technology across Mexico and Latin America. VEMO Impulso represents the company's fintech arm, offering specialized lease-to-own financing programs targeted at underbanked ride-hailing drivers working for platforms like Uber and DiDi. The program provides vehicle financing without credit history requirements, no down payment, and flexible credit bureau standards, promoting financial inclusion in the mobility sector. In February 2025, VEMO secured up to MXN 1.3 billion in financing from institutions including Banco Covalto, Kapital, Beel Credit, and Promecap specifically directed toward growing VEMO Impulso. The company has financed over 4,000 vehicles for mobility platform drivers to date. Beyond its fintech operations, VEMO operates the VEMO Charging Network, Mexico's largest public EV charging infrastructure with over 1,200 connectors across 16 states, and manages electric vehicle fleets including partnerships with Uber and the Metrobús public transport system in Mexico City. The company has raised over $370 million in total funding from investors including Riverstone Holdings, Orion Infrastructure Capital, and Vision Ridge Partners. VEMO employs approximately 1,800 people and was recognized by LinkedIn as one of Mexico's top 10 fastest-growing companies in 2023. While primarily a cleantech mobility company, its substantial fintech operations through VEMO Impulso serve the transportation and financial inclusion sectors.