Vmoto Limited (AU:VMT) has released an update.
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Vmoto Limited has announced a strategic investment of SGD 1 million into Singapore-based e-mobility company Evotion, acquiring a 12.5% stake. This partnership aims to leverage Vmoto’s advanced technology and Evotion’s regional expertise to deploy electric vehicle bikes, battery swapping, and charging infrastructure across Singapore and South-East Asia. With this move, both companies strive to accelerate the transition to sustainable, emission-free transportation in the region.
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