Vmoto Limited (AU:VMT) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vmoto Limited has announced a strategic investment of SGD 1 million into Singapore-based e-mobility company Evotion, acquiring a 12.5% stake. This partnership aims to leverage Vmoto’s advanced technology and Evotion’s regional expertise to deploy electric vehicle bikes, battery swapping, and charging infrastructure across Singapore and South-East Asia. With this move, both companies strive to accelerate the transition to sustainable, emission-free transportation in the region.
For further insights into AU:VMT stock, check out TipRanks’ Stock Analysis page.