Riverstone Holdings launched VEMO, a Mexican company with an integrated model committed to accelerating clean mobility in Mexico and Latin America. VEMO designs and implements
customized solutions that combine charging infrastructure, clean mobility fleets and advanced monitoring technology.

(Riverstone Holdings) Mexico City – November 4th, 2021 Affiliates of Riverstone Holdings LLC (“Riverstone”), a private equity firm dedicated to investing across the entire spectrum of opportunities within real assets and long-term decarbonization secular trends in energy transition, power, and infrastructure, announced today the official launch of VEMO, a Mexican company with an integrated and innovative model, committed to accelerating clean mobility in Mexico and Latin America.

VEMO’s vision is to become the natural decarbonization partner for leading organizations, governments, and individuals in the transport, logistics and mobility industries across Mexico and Latin America, facilitating the movement of people and goods in an efficient and socially responsible way. VEMO designs and implements customized solutions that combine charging infrastructure, clean mobility fleets, and advanced monitoring technology. VEMO is OEM brand and technology-agnostic, ultimately providing the solution that best fit its clients’ needs and securing long-term functionality.

From the merger of four specialized and pioneering mobility companies, led by Riverstone, VEMO has consolidated assets and a team that brings together years of experience, and unique technical and operational capabilities. With over 130 employees, VEMO has a sound platform to address its ambitious plans. Central to these plans is VEMO’s approach to environmental, social, and governance (“ESG”) factors. Since its foundation, VEMO has had in place an ESG framework and roadmap that emphasizes its goal of continuous improvement and measures its impact against the UN’s Sustainable Development Goals.

VEMO services high utilization transportation modalities where clean mobility is competitive, including (i) public transportation systems; (ii) private companies with commercial fleets; and (iii) drivers of ride-hailing and last-mile delivery platforms. VEMO’s EPC and O&M charging capabilities, IoT technologies, and fleet management capabilities will serve as a crucial part of VEMO’s broader strategy, enhancing its commercial proposition and technical skills as integrator of clean mobility solutions. VEMO is targeting an investment of US$1.0 billion across the region over the next five years.