The electric vehicle industry in Latin America is rapidly evolving, driven by growing environmental awareness and government incentives. It consists of manufacturers creating electric cars, charging infrastructure providers, and technology startups focused on enhancing battery and charging solutions. With countries like Brazil and Mexico at the forefront, investment is surging in innovative companies to meet the increasing demand for sustainable transportation. In 2024, substantial deals were made, showcasing a commitment to electrification. As the region pursues decarbonization, partnerships between automakers, investors, and tech firms are expected to accelerate advancements in electrification and sustainability across the industry.

The list of top investors in Latin America's electric vehicle sector includes a mix of corporate and venture capital firms with diverse backgrounds. Headquarters are spread across key locations including Brazil, Argentina, and Mexico, each contributing to varying stages of industry development. These investors range in size from small startups to larger entities, many founded in the 21st century, reflecting the growing interest in sustainable technologies. In 2024, they collectively counted over 100 investment deals, underscoring their active role in shaping the region's electric mobility future, from financing infrastructure to nurturing innovative startups.

Top 17 Electric Vehicle Investors in Latin America

1. bossa invest

• Website: bossainvest.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 56
• LinkedIn: bossainvest

Bossa Invest is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in investing in innovative startups, particularly in the technology sector, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been involved in several notable transactions, including a Series A investment in Wallbox, which raised over $12 million to develop electric vehicle charging solutions. Additionally, they participated in funding rounds for Log 9 Materials, which focuses on advanced materials that could have applications in electric vehicles. Furthermore, Bossa Invest's involvement in Revel, a company dedicated to electric mobility and infrastructure, highlights their commitment to the electric vehicle sector. Through these investments, Bossa Invest aims to empower entrepreneurs and foster growth in the startup ecosystem, particularly in areas related to electric mobility.

2. Weg

• Website: weg.net
• Type: Corporate
• Headquarters: Florianopolis, Santa Catarina, Brazil
• Founded year: 1961
• Headcount: 10001+
• Number of deals in 2024: 4
• LinkedIn: weg

WEG S.A. is a for-profit electric equipment manufacturer based in Brazil, founded in 1961. The company specializes in electric motors, generators, transformers, and automation solutions, serving various industries globally. With operations in around 140 countries, WEG is a key player in the electric engineering sector. In 2024, WEG made significant strides in the electric vehicle context by acquiring Volt Electric Motors, a Turkish manufacturer of industrial and commercial electric motors, for US$88 million. This acquisition aims to enhance WEG's global presence in strategic markets, including those relevant to electric vehicles. Additionally, WEG acquired Marathon Electric Motors (India) Limited, further solidifying its position in the electric motor sector. Other notable acquisitions include Bluffton Motor Works and Electric Machinery, both of which contribute to WEG's capabilities in electric motor production, essential for the electric vehicle industry.

3. BBVA en Argentina

• Website: bbva.com.ar
• Type: Corporate
• Headquarters: General Pacheco, Buenos Aires, Argentina
• Founded year: 1886
• Headcount: 5001-10000
• Number of deals in 2024: 7
• LinkedIn: bbva-argentina

BBVA Argentina is a banking institution founded in 1886, located in General Pacheco, Buenos Aires. It offers a comprehensive range of financial services, including personal and corporate banking, investment management, and insurance products. In 2024, BBVA has been active in the investment landscape with seven transactions. Notably, it participated in a $950 million debt financing for Polestar, a key player in the electric vehicle market, which aims to enhance its production and sales capabilities. Additionally, BBVA has been involved in financing renewable energy projects, such as a $112 million deal for solar projects with X-Elio and $176 million for Solarpack, showcasing its broader commitment to sustainable investments that align with the electric vehicle industry's growth.

4. Proeza Ventures

• Website: proezaventures.com
• Type: Venture Capital
• Headquarters: Monterrey, Nuevo Leon, Mexico
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 6
• LinkedIn: proezaventures

Proeza Ventures is a venture capital firm based in Monterrey, Nuevo Leon, Mexico, founded in 2019. The firm specializes in investments in early-stage startups within the mobility sector, aiming to partner with visionary founders to transform mobility into more sustainable and efficient solutions. Proeza Ventures has been involved in several notable transactions relevant to the electric vehicle industry, including a $20 million investment in Xos Trucks, which focuses on electric commercial trucks, and funding for Deftpower, a Dutch EV charging platform. These investments reflect Proeza Ventures' commitment to supporting innovation in the electric vehicle space and enhancing the overall mobility ecosystem.

5. Canary

• Website: canary.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 23
• LinkedIn: canary-venture-capital

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. They specialize in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. Canary has been actively involved in the electric vehicle sector, notably investing in zMatch, a startup that focuses on electric cars and solar energy, with a significant investment of R$ 50 million in a Series A round. Additionally, they have invested in other energy-related startups such as Bia Energy and Clarke Energia, which further demonstrates their commitment to supporting innovative solutions in the energy and electric vehicle space. With 23 investments in 2024 alone, Canary is dedicated to helping startups grow and succeed through valuable connections and resources, particularly in the emerging electric vehicle market.

6. Monashees

• Website: monashees.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 18
• LinkedIn: monashees-capital

Monashees is a venture capital firm based in São Paulo, Brazil, founded in 2005. The firm specializes in investing in technology-based companies across Latin America, providing not only funding but also support in areas such as talent acquisition and fundraising. Notably, Monashees has made significant investments in the electric vehicle sector, particularly through their involvement with Vammo, a São Paulo-based eMobility startup. Vammo raised $30 million in a Series A round led by Monashees in December 2023, following an earlier seed investment of $8.5 million in September 2022. This demonstrates Monashees' active role in fostering innovation within the electric vehicle industry, alongside their broader investment strategy.

7. Msw Capital

• Website: mswcapital.com.br
• Type: Venture Capital
• Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
• Founded year: 1999
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: mswcapital

Msw Capital is a venture capital firm based in Rio de Janeiro, Brazil, founded in 1999. The firm specializes in corporate venture capital management, focusing on high-potential startups primarily in the technology sector. Msw Capital supports corporations in enhancing their innovation strategies by fostering partnerships between startups and established companies. Notably, they led a Series A investment in Voltbras, a startup dedicated to electric vehicle charging solutions, raising R$ 12 million to meet the growing demand for electric mobility in Brazil. This investment highlights their commitment to the electric vehicle sector. Additionally, Msw Capital has participated in other funding rounds, such as investments in TideWise and Carflix, showcasing their diverse portfolio while maintaining a focus on innovative technologies.

8. Vibra

• Website: vibraenergia.com.br
• Type: Corporate
• Headquarters: Centro, Rio De Janeiro, Brazil
• Founded year: 1971
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn: vibra-energia

Vibra is a corporate investor based in Centro, Rio De Janeiro, Brazil, and is recognized as the largest distributor of petroleum-derived fuels and biofuels in the country. Founded in 1971, Vibra operates across various sectors, including agribusiness and aviation, providing reliable energy solutions. In 2023, Vibra Ventures, the investment arm of Vibra, made a significant move by investing $2 million in Ezvolt, a Brazilian startup dedicated to developing ultra-fast electric charging stations and engaging in carbon credit generation through fleet replacement. This investment highlights Vibra's strategic interest in the electric vehicle market. Additionally, Vibra has been active in the energy sector through its acquisition of Comerc Energia, further solidifying its position in Brazil's energy landscape. The company's recent activities indicate a willingness to explore opportunities in the evolving energy market, including electric vehicle infrastructure.

9. Aurus

• Website: aurus.cl
• Type: Venture Capital
• Headquarters: Lo Barnechea, Santiago, Chile
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn: aurus

Aurus is a venture capital firm based in Lo Barnechea, Santiago, Chile, founded in 2008. The firm partners with entrepreneurs and startups, providing strategic advisory, recruitment, and crisis management services to help high-potential businesses navigate challenges and achieve growth. Aurus has made several investments in innovative companies, including UltraConductive Copper Company, which raised approximately $2.16 million in 2018, and Sunamp, which raised over $5.8 million in a Series A round in 2020. These investments indicate Aurus's interest in supporting technologies that could play a role in the electric vehicle sector, particularly in materials and energy solutions that enhance vehicle performance and efficiency.

10. CSN Inova Ventures

• Website: csninova.com.br
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 1

CSN Inova Ventures is a corporate investor based in Sao Paulo, Brazil, founded in 2020. The firm operates as an innovation platform aimed at enhancing sustainability and efficiency across various industrial sectors. It provides consulting services, invests in disruptive technologies, and develops new products and technological routes. Notably, CSN Inova has participated in significant transactions relevant to the electric vehicle context, such as a $75 million Series B investment in H2Pro, a company focused on hydrogen production, and a $2.15 million seed round for 1s1 Energy, which is working on water electrolysis for renewable hydrogen production. These investments highlight CSN Inova's commitment to supporting technologies that can play a crucial role in the future of electric mobility.

11. Crescera Capital

• Website: crescera.com
• Type: Private Equity
• Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn: bozano-investimentos

Crescera Capital is a private equity and venture capital firm based in Rio de Janeiro, Brazil, founded in 2008. The firm specializes in providing growth capital and strategic guidance to mid-sized companies across various sectors, including education, technology, and health. Notably, Crescera Capital has made significant investments in the electric mobility sector, exemplified by its $80 million investment in Tembici, which aims to expand its fleet of electric bikes and enhance urban mobility solutions. This investment reflects Crescera's commitment to supporting innovative transportation alternatives. Additionally, the firm has participated in other funding rounds, such as its investment in 77Sol, although this company is less directly related to electric vehicles. Overall, Crescera Capital's focus on enhancing operational performance and preparing companies for market opportunities positions it as a relevant player in the electric vehicle investment landscape.

12. Cbmm

• Website: cbmm.com
• Type: Corporate
• Headquarters: Domingo, Minas Gerais, Brazil
• Founded year: 1955
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn: cbmm

Companhia Brasileira de Metalurgia e Mineração (CBMM) is a metallurgy and mining company founded in 1955, based in Domingo, Minas Gerais, Brazil. Specializing in the production and commercialization of niobium products, CBMM serves various industries, including aerospace and automotive, by providing high-quality niobium metal and alloys. In recent years, CBMM has made strategic investments in companies that are pivotal to the electric vehicle sector. Notably, they led a Series A investment in Echion Technologies, a University of Cambridge spin-out focused on developing next-generation lithium-ion battery technology, raising £10 million in August 2021. In June 2024, they participated in a Series B funding round for Echion Technologies, contributing to a total of approximately $36.9 million raised. Additionally, CBMM was involved in a funding round for Skeleton Technologies, a manufacturer of ultracapacitors, which are essential for energy storage in electric vehicles. These investments highlight CBMM's active role in supporting technologies that are crucial for the advancement of electric vehicles.

13. Vale

• Website: vale.com
• Type: Corporate
• Headquarters: Centro, Rio De Janeiro, Brazil
• Founded year: 1942
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn: vale

Vale is a corporate investor based in Centro, Rio De Janeiro, Brazil, founded in 1942. As a leading mining company, Vale specializes in the extraction and production of essential metals, including iron ore and nickel, which are crucial for various industries, including automotive manufacturing. In recent years, Vale has made strategic investments that align with the electric vehicle industry. Notably, they have invested in Electrified Thermal Solutions, which raised $19 million in December 2024, potentially contributing to advancements in energy efficiency relevant to electric vehicles. Furthermore, Vale's focus on nickel production is particularly relevant, as nickel is a key material used in the batteries of electric vehicles. Their acquisition of wind project firms also indicates a commitment to renewable energy, which is integral to the sustainability goals of the electric vehicle sector.

14. Embraer

• Website: embraer.com
• Type: Corporate
• Headquarters: Brazil
• Founded year: 1969
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn: embraer

Embraer S.A. is a prominent aerospace manufacturer based in Brazil, specializing in the development and production of civil and military aircraft, as well as aviation systems. Founded in 1969, the company has established itself as a leader in the global aerospace industry, serving airlines, military organizations, and private operators. In recent years, Embraer has expanded its investment portfolio to include innovative technologies in the electric vehicle sector. Notably, Embraer has made significant investments in Eve Air Mobility, raising $357 million in April 2022 and an additional $94 million in June 2024 through post-IPO equity transactions. These investments highlight Embraer's strategic interest in electric air mobility solutions, positioning the company at the forefront of the evolving electric vehicle landscape. Additionally, Embraer participated in a Series A funding round for TideWise, a startup focused on technological solutions for naval services, further showcasing its commitment to advancing technology across various transportation sectors.

15. Infinite Capital

• Website: infinite.xyz
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn: infinitecap

Infinite Capital is a venture capital firm based in San Juan, Puerto Rico, founded in 2017. The firm specializes in supporting innovative teams at the forefront of decentralized networks and deep tech, providing both capital and strategic guidance to help entrepreneurs scale their projects effectively. In 2024, they participated in a significant Series A investment of $20 million in H3X Technologies, a startup that is developing an Ultra High Power Density Motor Drive for electric aircraft. This investment highlights their commitment to cutting-edge technologies that can redefine industries, including the electric vehicle sector. Additionally, they were involved in a seed round for Talyn Air, further showcasing their interest in innovative transportation solutions.

16. Norte Ventures

• Website: norte.ventures
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 11
• LinkedIn: norteventures

Norte Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm focuses on empowering startups in the technology sector by providing resources, consulting services, and investment management. They aim to foster innovation within the Brazilian market. Notably, Norte Ventures has participated in several funding rounds for startups that are relevant to the electric vehicle industry, such as Lemon Energy, which raised $3 million in a Seed Round in 2019, and Bia Energy, which secured $6 million in a Pre-Seed Round in 2022. These investments indicate their interest in energy solutions that could support the electric vehicle market, aligning with their broader mission of supporting innovative technology startups.

17. Creditas Auto

• Website: creditas.com
• Type: Corporate
• Headquarters: Barueri, Sao Paulo, Brazil
• Founded year: 2012
• Headcount: 1001-5000
• LinkedIn: creditas-auto

Creditas Auto is a corporate investor based in Barueri, Sao Paulo, Brazil, founded in 2012. The company specializes in financial services, offering a variety of credit and insurance solutions to both consumers and businesses. Their services include vehicle and property-backed loans, personal loans, and various insurance products, all facilitated through a digital platform for easy access. Notably, Creditas Auto has made significant strides in the electric vehicle sector by leading a funding round for Voltz Motors, a startup focused on electric motorcycles. This investment of R$ 100 million is aimed at establishing an electric motorcycle factory in Manaus, showcasing Creditas' involvement in the electric mobility industry and their support for innovative transportation solutions.

Electric Vehicle Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
bossa invest	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
Weg	Florianopolis, Santa Catarina, Brazil	10001+	1961	4
BBVA en Argentina	General Pacheco, Buenos Aires, Argentina	5001-10000	1886	7
Proeza Ventures	Monterrey, Nuevo Leon, Mexico	1-10	2019	6
Canary	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
Monashees	Sao Paulo, Sao Paulo, Brazil	11-50	2005	18
Msw Capital	Rio De Janeiro, Rio De Janeiro, Brazil	1-10	1999	2
Vibra	Centro, Rio De Janeiro, Brazil	1001-5000	1971	1
Aurus	Lo Barnechea, Santiago, Chile	11-50	2008	1
CSN Inova Ventures	Sao Paulo, Sao Paulo, Brazil	11-50	2020	1
Crescera Capital	Rio De Janeiro, Rio De Janeiro, Brazil	11-50	2008	7
Cbmm	Domingo, Minas Gerais, Brazil	1001-5000	1955	1
Vale	Centro, Rio De Janeiro, Brazil	10001+	1942	3
Embraer	Brazil	10001+	1969	1
Infinite Capital	San Juan, San Juan, Puerto Rico	1-10	2017	7
Norte Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
Creditas Auto	Barueri, Sao Paulo, Brazil	1001-5000	2012	0

Want to find more investors focusing on the electric vehicle industry?

If you want to find more investors that are active in the electric vehicleindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

• Deal History: Number of deals and their sizes.
• Portfolio: Companies they've invested in.
• Contact data: Key dealmakers, including their emails and phonenumbers.
• ...and much more!