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24-Jan-2013



PHOTO CAPTION: Vmoto E-Max 120D electric scooter equipped for urban delivery services.

Vmoto Expands Electric Scooter Market Inroads in Europe

The company produced 1000 more units than its original 6,000 unit production of for Europe's PowerEagle.

Electric powered scooter and OEM manufacturer Vmoto (ASX:VMT, AIM:VMT) has raced to the finishing line, producing 1000 units in excess of the initial forecasts of 6000 units as part of its OEM contract with PowerEagle.

The units delivered to PowerEagle in 2012 was in excess of forecasts and as at end of last year, it had delivered 6,300 units of PowerEagle electric scooters.

The company has installed and fitted new assembly lines in the manufacturing floor space of its Stage 2 manufacturing facility as it expands to meet the planned increased production target of 42,000 units of PowerEagle electric scooters this year.

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