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IT
Vmoto More than Doubles First-Half Sales on Continued Order Book Strength
['Nik Hill']
Small Caps
Vmoto (ASX: VMT) sold 6,020 EV units during the second quarter of 2026, a 156% increase from the corresponding period as deliveries continued for existing and new customers.
First-half sales reached 12,713 units, up 140% from the first half of 2025, leaving Vmoto on track to achieve its full-year 2026 sales guidance.
Following receipt of the full investment, Vmoto will retain 51% of the subsidiary, which has fully installed and operational assembly facilities and a dedicated Bangkok store.
The investment will provide working capital for product purchases and general operations, while Vmoto Thailand will receive exclusivity for business-to-government and government projects in the country.
After the quarter, Vmoto Thailand received the first THB3m investment tranche from Tora as the group prepared to fulfil further expected orders from its local operations.