23rd Apr 2014 10:22
LONDON (Alliance News) - Electric scooter manufacturer Vmoto Ltd said Wednesday that it has signed a distribution deal with Euro Ebike Company Ltd, for the order of at least 1,200 units by the end of August 2015.
Vmoto said that under the deal, Euro Ebike Company, which is focused on selling "green" vehicles, will distribute, stock and market the company's Vmoto and E-Max range of electric scooter products in Vietnam.
"As electric scooters become more popular and acceptable to Vietnamese consumers, this market presents a significant opportunity for Vmoto," the company said in a statement.
The electric scooter company said it recently supplied samples of its electric scooters to Kentfa Advanced Technology Corporation, for evaluation and promotion in Taiwan. Kentfa owns and distributes the brands "Kentfa" and "Isuda."
Vmoto also said that it is currently developing a new model electric two wheel vehicle, which will have a light aluminium alloy frame with a total weight of 48 kilograms.
Vmoto shares were up 5.6% at 2.74 pence Wednesday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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