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Vmoto shows off its electric powered two-wheel vehicles at EICMA 2018 in Italy

Vmoto’s ‘green’ two-wheel vehicles are making major inroads in European markets.
Vmoto models at an exhibition
The company is launching two models into the B2C markets

Vmoto Ltd (ASX:VMT) is extolling the many virtues of its ‘green’ electric-powered two-wheel vehicles at this week’s EICMA 2018 in Milan, Italy.

The Esposizione Internazionale Ciclo and Motociclo (EICMA), which is in its 76th year, is one of the world’s largest two-wheel vehicle exhibitions and aligns with Vmoto’s aim to attract European interest.

EICMA 2018 is open to the public from Thursday until Sunday after being open to operators and the press on Tuesday and Wednesday.

READ: Vmoto drives upward sales growth of electric-powered two-wheel vehicles

Vmoto is launching the Super Soco CUx electric scooter and the TC-Max electric motorcycle model aimed at B2C markets.

For urban riders

CUx is designed for urban riders, weighing just 70 kilograms with a maximum speed of 45 kilometres per hour and allowing for a range of up to 75 kilometres with one battery pack.

The TC-Max looks like an authentic 125cc motorcycle but with the added advantages that come with electric power.

Its lithium-ion battery has a capacity of 72V45Ah and the motor has a 3000W power, with peak at 5000W, reaches a top speed while running of 100 kilometres per hour and is able to face up to a 17% slope.

Growing European interest

Vmoto is confident that EICMA 2018 will add to the growing European interest in its electric-powered two-wheel vehicles.

READ: Vmoto showcases Super Soco e-scooters at major German trade fair

Last month this interest was enhanced by the company’s attendance at the Intermot International Motorcycle, Scooter and E-Bike Fair in Cologne, Germany.

As was the case at Intermot, Vmoto believes EICMA 2018 will result in significant sales leads being secured and increased orders via existing and new distribution agreements in Europe.

Primary brands

Vmoto operates through the below primary brands:

• E-Max - A Vmoto proprietary brand, targeting international B2B markets with a high-end premium product; and

• Super Soco - A third-party brand that Vmoto markets into international B2C markets.

Upward sales trend

During the September quarter, the company continued its upward sales trend with sales of 3,100 units in the three months, an increase of 8% on the previous quarter.

Vmoto is confident of enhancing sales growth with firm international orders received during the quarter for 2,347 units, up 73% on the previous quarter.

Strong order book

At September 30, 2018, Vmoto had international orders, secured by deposits, for 2,574 units scheduled for delivery in the current quarter.

The company is continuing to focus on increasing sales of its high-margin, high-value electric two-wheel vehicle products internationally, and primarily in Europe.

It expects to receive healthy forward orders for its B2B E-Max electric delivery vehicle and its B2C Super Soco vehicle products from its global distribution network.

The distribution network has expanded further in recent months with exclusive distributors appointed in Australia, New Zealand, Belgium, Luxembourg, Poland and Chile.

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Vmoto Ltd Timeline

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