Special Report: Vmoto has announced an exclusive deal with Indian travel technology company Bird Group for distribution in the region.
Vmoto (ASX:VMT) has signed a Memorandum of Understanding (MOU) with one of India’s largest travel technology companies, Bird Group, for the distribution of its two-wheel electric vehicles (EVs) across the region.
Following a successful technical evaluation, Bird Group will order a minimum 10,000 units in the first year, representing a total sales value of approximately $13.8 million.
The Vmoto share price shot up 20% following the announcement, with Bird’s existing network of 500 corporate customers, thousands of individual customers and a strong relationship with the Indian Government…