Leoparda Electric, a startup based in São Paulo, Brazil, has closed an $8.5M seed round co-led by Monashees and Construct Capital.
The startup will launch in December a network of battery swapping stations for electric two-wheelers.
Although Latin America is the second largest two-wheeler market after Southeast Asia, electrification has lagged behind.
The co-founder and CEO of Leoparda, Jack Sarvary, headed for 6 years the operations, product and fast delivery at Rappi.
The other co-founder is Billy Blaustein, who previously led Tesla’s EMEA Used Car Business.
Leoparda’s first battery swapping stations will be located in concentrated areas where most couriers operate.
In the future, the startup wants to develop its own swappable battery to reduce costs by optimizing them for a longer lifetime.
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