Vmoto Limited (AU:VMT) has released an update.
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Vmoto Limited has partnered with Nova Machina to form a joint venture named Nova Moto, aiming to dominate the South African delivery market with electric motorcycles and e-mobility solutions. The collaboration combines Vmoto’s technological prowess in electric vehicles with Nova Machina’s local market expertise in sustainable e-commerce and fleet operations. This strategic move positions both companies to lead the charge in reducing carbon emissions and advancing green transportation in the region.
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