Business · Companies · 10 hrs ago
Vammo reaches 10 million battery swaps and says it is profitable
Vammo operates electric motorcycles and battery-swapping stations in Brazil, mainly in São Paulo.
Riders can exchange a depleted battery for a charged one instead of waiting to recharge.
The company says it has now completed more than 10 million swaps and has over 10,000 active riders.
It also says it reached breakeven in June and is now EBITDA profitable.
Vammo has operated in São Paulo since 2022, where its network includes about 1,000 swap points.
Its next city is Campinas, and it plans to focus on the wider state of São Paulo before considering expansion elsewhere in Brazil and Latin America.
Electric motorcycles remain a small part of Brazil’s market, accounting for 0.7% of motorcycle sales, but Vammo says registrations rose 85% year over year from January to August.
The company expects swaps to pass 100 million sometime in 2027.
Vammo says it has completed more than 10 million battery swaps and reached EBITDA profitability.
The Brazilian electric motorcycle and battery-swapping company says it has more than 10,000 active riders.
Vammo has operated in São Paulo since 2022 and has about 1,000 battery-swapping points.
It plans to expand to Campinas as its second official city, while focusing on the wider state of São Paulo.
The company says it expects to exceed 100 million battery swaps sometime in 2027.
- Who
- Vammo, a Brazilian electric motorcycle and battery-swapping company.
- What
- The company says it has passed 10 million battery swaps and reached EBITDA profitability.
- When
- It reached breakeven in June and has now surpassed 10 million swaps. The article was published on October 12, 2026.
- Where
- São Paulo, Brazil; Vammo plans to expand to Campinas.
- Why
- Vammo attributes the milestones to growth in its riders and swapping network. It says its business reached breakeven six months earlier than planned.
This story does not have two clearly opposing sides.
Vammo began operating in São Paulo.
Vammo reached 1 million battery swaps.
Vammo says it reached breakeven, six months earlier than planned.
Electrek reported that Vammo had passed 10 million battery swaps and was EBITDA profitable.
- Battery swaps
- More than 10 million
- Active riders
- More than 10,000
- Swapping points
- Roughly 1,000
- Breakeven
- June, six months earlier than planned
- Next expansion city
- Campinas, Vammo’s planned second official city
What people are saying
Not stated
Sources
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