- Vmoto has expanded its product range by launching two new electric scooter models
- The two new models were unveiled at the 2019 Motorcycle Show in Milan, Italy
- Vmoto's electric scooters will be distributed internationally in over 40 countries
- The company is now up 19.2 per cent with shares trading for 15.5 cents apiece
Vmoto has expanded its product offering by launching two new electric scooter models.
The E-Max VS1 and Super Soco CPx were both unveiled at the 2019 Esposizionale Ciclo Motociclo e Accessori (EICMA) Motorcycle Show in Milan, Italy.
Hosted annually, the EICMA Motorcycle Show is the premier event for the motorcycle industry.
Vmoto's E-Max VS1 is the company's latest B2B (business-to-business) electric two-wheel vehicle product and will be targeting commercial customers including food and parcel delivery companies.
E-Max VS1 is specifically designed for use in delivery operations.
Vmoto has already received significant interest from existing and potential B2B customers to purchase this product for distribution internationally in Africa, South America, Europe and the Asia Pacific.
The new Super Soco CPx electric scooter is designed to target the B2C (business-to-consumer) sector and will be distributed internationally in over 40 countries.
The launch of both new models demonstrates Vmoto's commitment to remaining at the forefront of 2-wheel electric vehicle innovation and delivering its growth strategy to become a leading manufacturer and supplier of high-quality electric two-wheel vehicles.
"These two bikes have been in the works for a while now and it is exciting to be able to finally unveil them to the public," Managing Director Charles Chen commented.
"2019 has been a fantastic year for the company's growth, we delivered excellent results during the September 2019 quarter and we are confident that the release of there two superior electric scooters will ensure our growth continues during the next quarter and beyond," he added.
Vmoto also took the opportunity at EICMA to introduce and showcase upgraded versions of its existing B2C model product range of the TSx, TC-Max, and CUX.
The upgraded TSx has a new and more powerful electric engine from 1200 to 1800 watts while the TC-Max's engine also increased from 3000 to 3500 watts.
The new CUX is also more powerful, going from 1300 to 2000 watts.
Vmoto's shares are up 19.2 per cent, with shares priced at 15.5 cents each at 11:42 am AEDT.