Vmoto achieved positive cash flows delivered for 2Q19 and had an ending cash position that remains strong with A$5.1m on hand.
Strong upward sales trend in international markets with 2,371 units sold in Europe, up 124% on 2Q18.
International Order Pipeline
International orders up 94% on 1Q19, with orders for 4,452 units as at 30 June 2019. The increased order book is as a result of higher orders from distributors and demonstrates the rapid growth in adoption rates and demand for the Company’s electric vehicles within local European markets.
Partnerships & Distribution
The new CUX Special Edition was launched in partnership with Ducati. Furthermore, nternational distribution network expanded further with new exclusive distributors. This includes an exclusive distribution agreement signed with Blumper srl in Argentina and Vpro Workshop Sa De Cv in Mexico for the Vmoto's B2C range of electric two-wheel vehicles.