VEMO Signs Alliance with Banco Santander Mexico to Promote Electromobility

Banco Santander Mexico and VEMO, a Mexican company that seeks to accelerate the adoption of clean mobility technologies through comprehensive solutions in Latin America, signed a strategic alliance that will enable them to offer customers leasing solutions.

Through this collaboration, Santander and VEMO will serve customers with fleets of more than 100 vehicles, which represent an important part of the market and where the electrification of fleets is constantly growing.

With this alliance, Santander and VEMO seek to contribute substantially to the decarbonization of the transportation sector, taking into account that currently more than 95% of this sector’s needs are met with fossil fuels and this generates more than 20% of polluting gas emissions globally.

Photo: VEMO

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Latin American Solution

VEMO highlights that the Latin American market did not have an integrated solution for electric mobility that would support an orderly, fast and efficient transition; therefore, Santander and VEMO will dedicate these efforts to complement capabilities and thus achieve a sustainable and accelerated growth in adoption.

Michael Goeters, CEO of Santander Leasing, stated that the alliance seeks to provide comprehensive and economically viable solutions to customers for the migration of their fleets to electric mobility.

“This complements Grupo Santander’s value offering in sustainable financing, ratifying our commitment to accompany our clients with high-value solutions in the transition to a greener economy,” he said.

Roberto Rocha, Co-Founder and CEO of VEMO, highlighted that joining forces with a reference in the global financial sector such as Santander, allows accelerating the adoption of electric vehicles in the largest commercial fleet market in Latin America.

“This is a new example of how we are giving continuity to our vision of developing a clean mobility ecosystem in our region, through our comprehensive, unique and pioneering model, which includes vehicles, charging infrastructure and technology,” he stressed.

Germán Losada, Co-Founder, Chairman of the Board and COO of VEMO, assured to be convinced that collaboration is the way to accelerate the transition.

“This strategic alliance between Santander and VEMO, which is born from the union of very complementary experiences, is an example of this. Together, we hope to accompany hand in hand and simplify the transition of companies to electromobility, helping them to meet their sustainability goals. In this way, the market wins by having a superior integrated solution,” he concluded.

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