The Chinese manufacturer, very active in the electric mobility sector, has entered into a consulting and investment partnership with Giovanni Castiglioni, while Graziano Milone has been appointed Global Chief Marketing Officer
April 6, 2022
V.Moto Limited, a global electric vehicle company, has announced that it has entered into a strategic advisory and investment agreement with Giovanni Castiglioni, along with a partnership and investment agreement with Graziano Milone.
The agreement with Castiglioni will consist of a direct investment in Vmoto and in the appointment of advisor of the board of directors of Vmoto with the aim of developing new sales opportunities and marketing strategies in the European and global market.
Furthermore, Castiglioni will invest in Vmoto Soco Italy. After that, Castiglioni and Milone they will hold each 25% of Vmoto Soco Italywhile Vmoto Limited will keep a 50% stake.
G.racian Milone, former partner of Vmoto’s joint venture in the Italian distribution company, has been appointed Global Chief Marketing Officer and President of Strategy and Business Development of Vmoto Limited. Milone has developed and increased sales for a number of renowned international commercial and manufacturing groups in Italy and Europe.
It should be remembered that Vmoto inaugurated the European design and development center produced in Italy. The first products designed for the new premium series of Vmoto are the result of the collaboration with C-Creative (by Giovanni Castiglioni), a design and engineering center led by the designer Adrian Morton and by the engineer Paolo Bianchiformerly MV Agusta.
Vmoto plans to forge new collaborations with the most important Italian and European style centers.
TOThe latest EICMA Vmoto launched the new project Stash, 7 kW urban electric motorcycle. There are several in the pipeline new models which will be presented in the next 36 months.
Presenting preliminary 2021 financial result data, Vmoto announced record revenues. It achieved net income of $ 8 million, strong operating cash flows, highly liquid working capital and a debt-free cash balance.
“I have been collaborating with the Vmoto team for some time – he said Giovanni Castiglioni –. I am enthusiastic about Vmoto’s growth potential and I am sure that with the company’s unique and innovative products the company is on the verge of becoming one of the most successful players in the electric urban mobility market ”.