Greenmo

For those interested....

Greenmo launched its new site and the speel contained a few interesting items (reminders) of what is going on there.

Rabobank become a shareholder in GreenMo late last year and it means that Greenmo's expansion plans can now be funded through its equity partner.

In short, Greenmo wants to continue to expand organically and via acquisitions and since Rabob bank's involvement, it has taken over 2 delivery / leasing comapnies. Quality Lease Scooters and Lease 4 Delivery.

Their plan is to look for these sorts of companies, take them over and then replace their petrol powered scooters with escooters. Enter Vmoto (or Vmoto Soco or whatever).

Currently operating in Netherlands, Belgium and UK and entering Germany. But with plans to keep growing internationally.

Seems the ducks are lining up for this segment (and the broader escooter world). Particularly when you consider the actions of governments like in UK. 'ULEZ' is coming which means there will be a tariff payable by petrol powered vehicle owners to enter certain areas (like London). Similar to a 'congestion tax'. This tax is payable in London even for motorbike riders but not electric powered motorbike / moped owners.

Interesting days.

Cheers