Australian-born Vmoto kicking goals globally

Australian-born motorcycle manufacturer Vmoto posted strong results in the first half of 2022 as it continues to grow its presence in the electric two-wheel space.

Best known for its joint venture with electric scooter brand Super Soco, Vmoto says it achieved a total revenue of $57.6million in the first half, up 46% on the same period in 2021.

The company delivered 17,601 units, with 16,310 of those sold to international markets. It also says it has firm international orders for 8654 units for the remainder of 2022.

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Vmoto appears to be pushing to establish itself as a global power in the motorcycle industry with a total of 61 international distributors in 65 countries. It is now targeting major international markets in India and the US.

Additionally, the company is set to produce electric vehicle battery charging and swapping stations as it continues to play a major role in the push for zero emission transport.

Vmoto was founded by Patrick Davin in Perth in 1999. Originally set up as a scooter distributor, the business was eventually acquired by an ASX-listed company, before it then acquired the Shanghai-based Freedomotor.

In the mid-2000s, Vmoto set up an assembly plant in China and began to focus on electric two-wheel products. In 2017, it began working with Chinese electric motorcycle brand, Super Soco, before a formal joint venture was established in 2020.

Still based in Perth, the company has recently entered into strategic partnerships with Melbourne-born Stealth Electric Bikes and Italian design agency C-Creative. It is also working with former MV Agusta boss, Giovanni Castiglioni who has invested in Stealth. The burgeoning scooter ride share industry is also becoming a focus for Vmoto.