Perth-headquartered electric scooter manufacturer Vmoto is making a big splash on the global electric scooter market, and is now looking at battery swapping stations and charging infrastructure.
Vmoto said on Thursday that 92% of all its 17,601 sales over the first half of 2022 were made in international markets, delivering revenue of $57.6 million, an increase of 46% over the first half of 2021.
Vmoto now boasts a total of 61 international distributors in over 65 countries across the globe ranging from the UK to Rwanda to Slovenia, while the company is on the cusp of entering into two potentially huge new markets – the United States and India.
The company, which operates through three primary brands – Vmoto, E-Max, and Super Soco – offers a range of electric scooters including the E-Max Delivery scooter and the Super Soco TS and TC electric bikes.
Vmoto also confirmed in its half-yearly filing that it is in development of products to accompany their electric scooters including battery charging and swapping stations.
“With the world currently in the grip of high fuel and energy prices, there is growing levels of enthusiasm for EVs globally,” it said in a statement accompanying the results.
“To meet this demand in the market, VMoto aspires to build an EV ecology system to service the company’s existing and new distribution and customers, given global net zero emission targets are a major driver of EV takeup and sales growth.”
Joshua S. Hill is a Melbourne-based journalist who has been writing about climate change, clean technology, and electric vehicles for over 15 years. He has been reporting on electric vehicles and clean technologies for Renew Economy and The Driven since 2012. His preferred mode of transport is his feet.