LATAM appears to becoming a good space for Vmoto going on the stuff coming out of there.
Vammo has been proving lots of media feeds of late but there are other cogs working in sync with them. Most notable is that they are all Vmoto customers. And we await news about the JV there.
In any case here is a case in point......................................
The dynamic duo at Vammo (amongst others) have been lobbying the government to include 2 wheel EVs included.
News out that now 2 wheelers are included..............................https://mobilidade.estadao.com.br/planeta-eletrico/alianca-pela-mobilidade-sustentavel-completa-2-anos/
A part in the article that jumps out is...........................
The 3 companies mentioned.......................Vammo, Riba and iFood....................all Vmoto customers and or partners.
Hopefully it gets to a tipping point and then the biggest manufacturer, Mottu, gets on board and starts to accelerate the movement to EVs. And Mottu is also a Vmoto customer............................
So whilst the sales (however they are included in the reports / updates) are probably in the 100s at the moment, by next year they will hopefully be in the four figure range. In Brazil.
The movement to other parts of LATAM including say, Peru or the big one Mexico could see this market become very important indeed.
A bit more patience could pay off for investors.
Fingers crossed.
Cheers
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