Image Sourced Aisyaqilumaranas Shutterstock
Market Herald logo

Subscribe

Be the first with the news that moves the market

Vmoto gained 45.6 per cent in the ASX today after announcing a branding deal with Italian global motorbike manufacturers Ducati. Vmoto’s ‘CU-X’ line of motorbikes will be distributed worldwide for a limited time under the Ducati brand name. The CU-X line is electric-powered smart scooters.

Vmoto ,specialises brand direction in electric powered designer-model motorbikes and scooters that utilise ‘smart’ technology. CU-X motorbikes will be sold at a premium price targeted at luxury motorbike consumers. The deal will utilise Vmoto’s existing network of distributers.

Managing Director Charles Chen says the limited-edition products will target Ducati fans looking to go green.

“The deal will allow Ducati’s fans to have the opportunity to access premium and high quality 2-wheel electric vehicles supplied by Vmoto and create more confidence to Vmoto’s expanding distributors especially in Europe and further grow Vmoto’s product awareness in these markets,” he said.

The CU-X design boasts a multi-functional digital dash display, water and dust-proof LED lights that reach up to 75m and electronic self-inspect functions.

Vmoto Italy Director Graziano Milone said “Vmoto has been able to better interpret the needs of the European consumer by promoting quality products and sophisticated design”.

The company expects CU-X sales to carry profit margins in 2019 and 2020. The limited edition CU-X Ducati scooters will be available up until 31 December 2020.

Ducati currently exists as a subsidiary under the Volkswagen group, along with other popular makes Audi, Bentley, Bugatti, Porsche, Lamborghini and Skoda.

As of this morning Vmoto’s market cap sits at $17.46 million and shares at 11.5 cents a piece

Please see announcement for further details

VMT by the numbers
More From The Market Herald

" Income Asset Management Group (ASX:IAM) awarded $160 million mandate for NFP bond holdings

Income Asset Management Group (ASX:IAM) has landed a mandate to provide execution services for $160 million…
Openpay (ASX:OPY) - CEO, Dion Appel

" Openpay (ASX:OPY) raises $18.25m to accelerate “pathway to profitability”

Buy now pay later group Openpay (ASX:OPY) has completed its two-tranche placement and raised $18.25 million.
Countplus (ASX:CUP) - Incoming CEO, Hugh Humphrey

" Hugh Humphrey appointed CEO of Countplus (ASX:CUP)

Investment services company CountPlus (ASX:CUP) has appointed Hugh Humphrey as the company's CEO, effective July 1.

" Acquisition of Afterpay (ASX:APT) receives approval from Bank of Spain

Payments firm Block has secured a key approval for its multibillion-dollar acquisition of Afterpay (ASX:APT) from…