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The latest announcement is out from Vmoto Limited ( (AU:VMT) ).
Vmoto Limited has clarified details regarding its recent announcement of a partnership with Uber B.V. to electrify food delivery services. The memorandum of understanding and subsequent partnership agreement, currently limited to London, aim to transition Uber’s Delivery Partners to Vmoto’s electric motorbikes through incentives. However, the agreements have not yet resulted in a significant financial impact on Vmoto’s sales, as the sales are directed towards Uber’s delivery partners and riders rather than Uber itself.
More about Vmoto Limited
Vmoto Limited is a global electric vehicle company primarily focused on the production and distribution of electric motorbikes. The company targets various markets, including fleet operators and individual consumers, with a particular emphasis on sustainable transportation solutions.
Average Trading Volume: 318,033
Technical Sentiment Signal: Sell
Current Market Cap: A$33.38M
Find detailed analytics on VMT stock on TipRanks’ Stock Analysis page.