More progress for Vammo
Raised @$5.5m USD for more bikes to grow the fleet to 3000 by years end (Currently 600 withanother 400 on way). With an eye to raise another @$18mUSD after that.
Slowly slowly moving towards their aim of 'electirfying' LATAM. A bit of hyperbole maybe but these guys seem very credible and keep doing what they say they are going to do.
Interesting the article mentions Mottu as a competitor in the rental space. Mottu are big into ICE prodcution but their EV modle is a Vmoto model. Good.
Read the article here.......................
https://pipelinevalor.globo.com/startups/noticia/vammo-levanta-r-30-milhoes-com-ext-capital-em-rodada-mista.ghtml
Seems to becoming a pattern.... alot of upfront activity putting in place the infrastrucutre so the size of the bike fleets / customers can take off. Maybe in 2025 the bike sales get to 10,000s per annum? Fingers crossed.
Cheers
Vmoto and Social Media, page-1575
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