Vmoto More than Doubles First-Half Sales on Continued Order Book Strength

Vmoto (ASX: VMT) sold 6,020 EV units during the second quarter of 2026, a 156% increase from the corresponding period as deliveries continued for existing and new customers.

First-half sales reached 12,713 units, up 140% from the first half of 2025, leaving Vmoto on track to achieve its full-year 2026 sales guidance.

Firm international orders stood at 5,504 units at 30 June, with deliveries scheduled across the third and fourth quarters following two consecutive quarters in which Vmoto delivered more than 6,000 units.

The group ended the period with A$30.5 million in cash while continuing to fund its Thailand subsidiary, expand working capital, and support product upgrades.

Global Demand Growth

Vmoto reported increasing interest from new customers and partners in South America and South-East Asia for its e-motorcycles, e-mopeds, fast charging stations, and fleet deployment capabilities.

The group continues to deploy battery swapping and fast charging stations with customers and invested companies across Brazil, Spain, the United Kingdom, Saudi Arabia, South Africa, and the United Arab Emirates, and is planning expansion into additional countries and regions.

Vmoto is piloting an energy-as-a-service project with dealers and customers to explore additional revenue streams, while discussions with super app partners are focused on offering its e-mopeds to riders through their existing platforms.

The group expects these deployments to reduce charging downtime for delivery fleets, address distance concerns for EV users and support its development as an integrated e-mobility solutions provider.

MotoGP Scooter Deal

A worldwide agreement with MotoGP Sports Entertainment Group will see Vmoto produce and distribute three MotoGP edition electric scooters through its global distributor network.

The arrangement includes Vmoto’s appointment as the official MotoGP electric scooter supplier, product placements at European events, and displays of its fast charging and battery swapping technology at authorised locations.

Vmoto had drawn Chinese renminbi (RMB) funding of RMB79.95m, equivalent to about A$17.1m, from unsecured revolving facilities carrying interest rates of 2.4% to 2.7% at the end of June.

The facilities are being used to increase working capital, reduce payables, and support product improvements, while government-backed trade insurer Sinosure allows Vmoto to offer customers more flexible payment terms.

Thai Partnership Signed

Vmoto and Tora Leasing have entered a binding joint investment agreement denominated in Thai baht (THB), under which Tora will invest up to THB77.8m over seven months for a 49% interest in Vmoto Thailand.

Following receipt of the full investment, Vmoto will retain 51% of the subsidiary, which has fully installed and operational assembly facilities and a dedicated Bangkok store.

The investment will provide working capital for product purchases and general operations, while Vmoto Thailand will receive exclusivity for business-to-government and government projects in the country.

After the quarter, Vmoto Thailand received the first THB3m investment tranche from Tora as the group prepared to fulfil further expected orders from its local operations.

Vmoto expects sales to improve over coming quarters as it pursues business-to-business fleet opportunities across Asia, the Middle East, and South America while developing an ecosystem spanning EV sales, rental and financing, charging services, and fleet data.