Global electric vehicle company, Vmoto (ASX: VMT), has made a strategic investment in UK-based Zenion, a move set to enhance Vmoto’s position in the rapidly expanding last mile delivery sector and strengthen its supply chain capabilities. The investment, valued at £497k (approximately A$970k), will be funded from Vmoto’s existing working capital and marks a pivotal
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In the Asian market, electric vehicles are set to see massive growth, with revenue projected to reach $671 billion by 2028. Going further left, in South America, the revenue is set to grow to $3.45 billion. Rest assured, as demand grows, it helps to have an early mover advantage. It’s just one of the reasons
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In the face of a challenging economic landscape and soaring living costs, the demand for electric vehicles in Europe witnessed a decline. The automotive industry, including electric motorcycle manufacturers like Vmoto (ASX: VMT) and sparing no automobile giants, experienced the impact of the recessionary environment. Vmoto’s sales in 2023 dropped by 14% compared to the
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You know what they say about bankruptcy, it’s a fresh start for those willing to take the leap. In this case, however, it is not the bankrupt company making a fresh start, it is a client. Global electric vehicle company Vmoto (ASX: VMT) is set to buy its UK Distributor, the UK Distribution—part of the
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In most Southeast Asian countries, motorcycles are the way of life. The majority of the residents solely rely on their motorcycles for private and commercial purposes, such as ride-hailing or delivery services. Besides, motorcycles are affordable, fast enough to breeze through the traffic jam, and perfect for the tropical climate! For these reasons, there is
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As the world moves towards electric vehicles to be more sustainable, global scooter manufacturer Vmoto Limited (ASX: VMT) is profiting off international demand for its electric vehicles. In Q3 2022, the Company sold 11,809 units from its B2B and B2C product range, with nearly 90% being sold to international markets. The total international units sold
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