Vmoto Limited is a scooter manufacturing and distribution company. The Company is engaged in the development, manufacture, and international marketing and distribution of electric powered two-wheel vehicles, petrol two-wheel vehicles and all-terrain vehicles. The Company's geographical segments include Australia and China. The Company offers green electric powered two-wheel vehicles and manufactures a range of western designed electric two-wheel vehicles from its manufacturing facilities located in Nanjing, China. It sells its products on an original equipment manufacturer basis. The Company operates through two brands: Vmoto, which is aimed at the value market in Asia, and Emax, which targets the western markets with a premium end product. The Company has a total capacity of approximately 450,000 two wheel units per annum. The Company consists of approximately 40 outlets through a combination of its own retail outlets and third party distributors across China.

Sales Analysis. During the year ended December of 2019, sales at Vmoto Limited were A$45.67 million (US$35.19 million). This is an increase of 133.3% versus 2018, when the company's sales were A$19.58 million. The sales level in 2019 was fairly close to the level five years ago: in 2014, Vmoto Limited had sales of A$45.10 million.