BUZZ-Australia's Vmoto gains on forming Pakistan JV for electric 2-wheelers

Reuters

2025/10/13

** Vmoto VMT.AX gains 1.6% to A$0.06

** Electric two-wheeler maker forms JV with Pakistan's Plugin Technologies to establish Vmoto Pakistan

** Co holds 51% stake in JV, Plugin Technologies owns rest

** Vmoto invests $1.02 mln over next year; Plugin Technologies contributing $980,000

** JV focuses on importing, distributing Vmoto-branded electric two-wheelers in Pakistan's retail market

** VMT falls ~18% YTD

($1 = A$1.5335)

(Reporting by Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))

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