Scooter manufacturer Vmoto Limited (ASX:VMT) is driving innovation and its Asian growth aspirations.
The company has just inked a distribution deal with Euro Ebike Company to distribute, stock and market Vmoto and E-Max products in Vietnam.
Vmoto says the Vietnam motorbike market is the fourth largest in the world after China, India and Indonesia. The initial contract is for a minimum of 1,200 units to be ordered by Euro Ebike by the end of August 31, 2015.
Vmoto has also advised it is currently developing a new model of electric two wheel vehicle with a structure that can be folded in 30 seconds which is be named Vmoto 1.
Vmoto reported a net profit of $404,000 in the full 2013 calendar year.
