Vmoto Sales Surge 156% in 2Q26 Amid Global Expansion and MotoGP Partnership
Vmoto Limited’s 2Q26 sales soared 156% year-on-year with strong international orders and strategic partnerships, including a global MotoGP deal and a joint venture in Thailand.
- 2Q26 sales rise 156% to 6,020 units
- 1H26 sales up 140%, tracking FY26 guidance
- Firm international orders of 5,504 units
- Global MotoGP electric scooter deal signed
- Joint investment agreement for Vmoto Thailand
Sales Momentum Accelerates with Record Quarterly Growth
Vmoto Limited (ASX:VMT) has reported a remarkable 156% increase in electric vehicle sales during the second quarter of 2026, delivering 6,020 units compared to 2Q25. This surge continues a strong sales trajectory, with 12,713 units sold in the first half of the year, marking a 140% rise on the previous corresponding period and positioning the company well to meet its full-year sales targets.
The company has now consistently delivered over 6,000 units per quarter for two consecutive quarters, reflecting robust demand from both existing and new customers. Vmoto’s expanding footprint in South America and South-East Asia is driving this growth, with increasing interest not only in its electric mopeds and motorcycles but also in its battery swapping and fast charging infrastructure.
Order Book and Energy-as-a-Service Initiatives Support Expansion
As of 30 June 2026, Vmoto held firm international orders for 5,504 units, scheduled for delivery in the second half of the year. The company is also piloting an energy-as-a-service model with dealers and customers, aiming to diversify revenue streams by leveraging its fast charging and battery swapping stations. These stations are already operational in key markets including Brazil, Spain, the UK, Saudi Arabia, South Africa, and the UAE, helping to tackle EV range anxiety and reduce downtime for delivery fleets.
Vmoto is in discussions with super app partners to integrate its e-mopeds into rider offerings, a move expected to further boost sales through digital ecosystems. The company’s Thailand assembly facilities are now fully operational, supporting local demand and streamlining supply chains in the region.
Strategic Partnerships Highlight Global Ambitions
Vmoto has secured a worldwide licensing and distribution agreement with MotoGP Sports Entertainment Group to produce and sell three MotoGP-branded electric scooter models globally. This deal positions Vmoto as the official MotoGP Electric Scooter Supplier, leveraging the sport’s vast fanbase to enhance brand visibility and marketing reach through events and promotional activities.
In Thailand, Vmoto entered a joint investment agreement with Tora Leasing Co Ltd, whereby Tora will invest up to A$3.3 million for a 49% stake in Vmoto Thailand. This partnership grants Vmoto exclusivity for government projects in Thailand and includes collaborative governance provisions, with Tora able to appoint directors upon full investment. The first tranche of this investment has already been received, underpinning Vmoto’s operational growth in Southeast Asia.
Financial Position and Capital Strategy
Vmoto closed the quarter with a cash balance of A$30.5 million and has drawn down A$17.1 million from a low-interest revolving bank facility in China to accelerate growth initiatives and support product upgrades. The company’s use of government-backed trade insurance via Sinosure enables more flexible payment terms for customers, facilitating international sales and partnerships.
Corporate changes include the retirement of non-executive director Blair Sergeant and the issuance of shares and performance rights to key executives, aligning incentives with growth objectives.
EV Market Tailwinds and Outlook
Vmoto highlights a favourable funding environment in Europe and South America alongside geopolitical fuel price volatility as catalysts accelerating electric vehicle adoption. The company anticipates further sales growth in coming quarters, especially in the B2B delivery sector, where its e-mopeds are gaining recognition for resilience and performance.
Vmoto’s integrated e-mobility ecosystem, encompassing vehicle sales, energy services, and data analytics, aims to capitalise on stable electricity prices and supportive government policies worldwide. While the company’s recent results showcase strong operational momentum, the execution of its MotoGP-branded scooters and the full realisation of its Thailand joint venture will be key to watch in the near term.
Bottom Line?
Vmoto’s robust sales growth and strategic partnerships signal a turning point, but upcoming product launches and joint venture execution will test its scaling ambitions.
Questions in the middle?
- How will Vmoto’s MotoGP-branded scooters perform commercially across diverse global markets?
- What impact will the joint venture with Tora Leasing have on Vmoto’s Southeast Asia growth trajectory?
- Can Vmoto’s energy-as-a-service initiatives materially diversify revenue beyond vehicle sales?
