Business
Why the Vmoto (ASX:VMT) share price has soared 15% today
The Vmoto Ltd (ASX: VMT) share price is surging higher today. This comes after the scooter manufacturer and distribution company announced it has secured a $13 million order from Greenmo Group.
Based in Europe, Greenmo Group provides electric vehicles to rent for food and parcel delivery companies. The business has seen explosive growth in the environmentally friendly vehicle market.
During early afternoon trade, the Vmoto share price is up 15.8% to 47.5 cents.
What’s pushing the Vmoto share price higher?
Vmoto advised it has received an order of 5,904 electric scooters to manufacture for Greenmo. The contract, valued at $13 million, reflects the growing demand for environmentally friendly transport across Europe, which Greenmo…
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