Vmoto Limited reports a robust sales rebound in the final quarter of 2025, with a 68% jump in units sold and a near doubling of firm orders, underpinned by strategic partnerships and expanding manufacturing capacity.
- 4Q25 sales surged 68.3% to 4,575 units
- Firm international orders rose 91% to 7,462 units
- A$32.4 million cash position supports expansion
- New manufacturing and assembly facilities in Nanjing and Thailand
- Strategic joint ventures and investments in Asia and beyond
Strong Sales Recovery in 4Q25
Vmoto Limited (ASX – VMT) closed out 2025 with a significant sales uplift, reporting 4,575 units sold in the fourth quarter, a 68.3% increase from the previous quarter. This rebound reflects the company’s proactive sales strategies, including trade insurance utilisation and support for customer financing, which have helped counteract earlier economic headwinds.
Despite a 26% decline in full-year sales compared to 2024, largely due to high interest rates and adverse government policies affecting the broader electric two-wheel market, Vmoto’s recent momentum signals a turning point. The company anticipates further sales growth supported by easing borrowing costs in key markets such as the US, Europe, and South America.
Robust Order Book and Market Expansion
Vmoto’s firm order book nearly doubled in the quarter, reaching 7,462 units. This surge is driven by increased demand from B2B delivery customers and initial orders from Thailand, where Vmoto has established new assembly facilities. Deliveries are scheduled for the first half of 2026, positioning the company well to capitalise on recovering demand.
Strategic partnerships are also expanding Vmoto’s footprint. Notably, a joint venture with Plugin Technologies in Pakistan aims to assemble and distribute electric two-wheelers locally, while a cooperation agreement with AJ Advance Technology in Thailand targets large-scale deployment of battery swapping and fast-charging infrastructure. These moves underscore Vmoto’s integrated approach to electric mobility solutions beyond just vehicle sales.
Investment in Infrastructure and Innovation
Vmoto continues to invest in manufacturing capacity, with the new Nanjing facility’s exterior completed and interior renovations set to begin in mid-2026. The company’s cash reserves of A$32.4 million and a drawn bank facility of A$12.8 million are funding these expansions alongside operational costs in Thailand.
Product innovation remains a priority, with new models like the versatile VS4 and the Pininfarina-designed CP (VS5) launched to appeal to both urban commuters and delivery fleets. Vmoto also showcased its battery swapping and fast charging technologies at EICMA 2025 in Milan, attracting strong interest and reinforcing its position as a comprehensive e-mobility provider.
Favourable Policy Tailwinds and Market Outlook
Global government initiatives promoting electric vehicle adoption and phasing out petrol motorcycles provide a supportive backdrop for Vmoto’s growth. Incentives such as purchase subsidies, tax exemptions, and investment in charging infrastructure across Europe, Asia, and South America are expected to accelerate market expansion.
Vmoto’s recent investment in Lit Energy Network in Vietnam taps into a vast market with over 77 million registered motorcycles, where electrification policies are gaining momentum. This strategic stake not only offers market access but also aligns with Vmoto’s vision of leading the transition to sustainable urban mobility.
Bottom Line?
Vmoto’s accelerating sales and strategic expansions set the stage for a promising 2026, but execution risks and market volatility remain watchpoints.
Questions in the middle?
- How quickly will Vmoto’s new manufacturing capacity in Nanjing and Thailand translate into sustained sales growth?
- What impact will evolving government policies have on Vmoto’s market penetration in emerging regions like Vietnam and Pakistan?
- Can Vmoto maintain its competitive edge in battery swapping and fast charging technologies amid intensifying EV infrastructure competition?