VEMO Charging Network to Invest USD 1.5 Billion to Expand Mexico?s EV Infrastructure

VEMO Charging Network has announced a major USD 1.5 billion investment plan to accelerate EV infrastructure Mexico development over the next five years. The initiative aims to significantly scale the country?s electromobility ecosystem by expanding charging connectors deployment and increasing electric vehicle fleet expansion. Announced on February 11, the program positions VEMO Charging Network as a central force in Mexico?s fast-growing electric mobility market, where demand for public and private charging access continues to rise alongside vehicle adoption.

VEMO Charging Network Commits USD 1.5 Billion to EV Infrastructure Mexico

The USD 1.5 billion investment will enable VEMO Charging Network to deploy nearly 23,000 connectors across its public and private platforms. This large-scale charging connectors deployment is designed to strengthen EV infrastructure Mexico nationwide while improving accessibility and reliability for users.
By expanding the network footprint, VEMO Charging Network aims to ensure that charging capacity keeps pace with accelerating electric vehicle fleet expansion across urban and regional markets.

Targeting 55,000 Vehicles Under Electric Vehicle Fleet Expansion Plan

Beyond infrastructure growth, VEMO Charging Network plans to incorporate approximately 55,000 electric vehicles into its fleet by 2030. This electric vehicle fleet expansion strategy supports broader efforts to reinforce the national electromobility ecosystem and enhance clean transportation availability.

Strengthening the Electromobility Ecosystem

The company?s approach integrates fleet growth with charging connectors deployment to create a synchronized system. By aligning EV infrastructure Mexico investments with vehicle rollout, VEMO Charging Network is building a more resilient and scalable electromobility ecosystem that supports long-term sustainability goals.

Financial Backing and Current Network Performance

VEMO Charging Network has already raised more than USD 500 million from investors including Vision Ridge Partners, Riverstone Holdings, and Orion Infrastructure Capital. This capital foundation underpins continued EV infrastructure Mexico expansion and supports ongoing charging connectors deployment initiatives.
Currently, VEMO Charging Network operates over 1,400 connectors across 18 states, processing more than 85,000 charging sessions each month. The company reports over 235 million electric kilometers traveled and more than 25 million mobility application trips completed, contributing to the mitigation of over 40,000 tons of CO2e.
Industry momentum further reinforces the outlook for electric vehicle fleet expansion. According to the Electro Mobility Association, sales of electric and plug-in hybrid vehicles grew 38.5% annually in 2025, while charging infrastructure reached 56,726 positions, highlighting strong alignment between market growth and EV infrastructure Mexico development.