Vammo hits 10 million battery swaps and reaches EBITDA profitability

Brazilian electric motorcycle and battery-swapping company Vammo has surpassed 10 million battery swaps and reached EBITDA profitability six months ahead of plan. Its São Paulo network spans roughly 1,000 swap points, active riders grew 250% to over 10,000, and the company targets about $45 million in annual recurring revenue by the end of 2026.

• 10 million battery swaps completed, over 100 million expected by 2027
• About 1,000 swap points in São Paulo, with Campinas as second city
• Active riders up 250% this year to more than 10,000
• Targeting around $45 million in annual recurring revenue by end of 2026