Vmoto Eyes Up to 82% Revenue Jump as Last Mile Delivery Demand Accelerates
Vmoto targets up to 82% revenue surge in FY26
Vmoto Limited has issued Vmoto FY26 Sales Guidance targeting revenue of $73.5 million to $85 million, representing year-on-year growth of 57% to 82% compared to FY25. The global electric vehicle company attributes the outlook to increasing orders and positive order plans from both existing and new customers.
The guidance reflects management confidence in near-term revenue trajectory across multiple markets. The wide range accounts for order timing variability but positions both the low and high ends as material growth scenarios for investors.
The company expects its strategy as an e-mobility full solutions provider to continue driving international expansion throughout the financial year.
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What’s driving Vmoto’s growth outlook
Management has identified three key tailwinds supporting the FY26 revenue targets:
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Last mile delivery partnerships – Existing agreements with delivery app companies such as Uber are expected to drive demand for electric vehicle fleets.
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On-road motorcycle legalisation in China – Regulatory changes allowing motorcycles on Chinese roads create new addressable market opportunities.
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Petrol motorcycle bans in Asian CBDs – Cities across markets including Vietnam are implementing bans on petrol motorcycles in central business districts, accelerating the shift to electric alternatives.
The combination of regulatory support and commercial partnerships provides multiple geographic revenue drivers rather than reliance on a single customer or jurisdiction.
Understanding Vmoto’s revenue model
Vmoto operates beyond traditional vehicle sales, generating income through three service-based revenue streams that offer recurring revenue characteristics.
| Service Model | Description | Investor Relevance |
|---|---|---|
| Vehicle-as-a-Service (VaaS) | Fleet leasing and rental models for commercial and delivery operators | Recurring revenue with contracted terms rather than one-time hardware sales |
| Energy-as-a-Service (EaaS) | Battery swapping networks and charging infrastructure access | Builds operational dependency and ongoing revenue per vehicle deployed |
| Data-as-a-Service (DaaS) | Telematics and fleet management data analytics platforms | High-margin software revenue stream leveraging installed vehicle base |
These service models are designed to generate ongoing revenue and profit beyond the initial vehicle transaction. Service-based revenue typically commands higher valuation multiples in growth company assessments due to improved visibility and margin characteristics.
The announcement confirms management expects increasing contributions from VaaS, EaaS and DaaS across key international markets, though specific revenue breakdowns were not disclosed.
Management commentary
Charles Chen, Managing Director
“I am delighted to announce we expect to deliver a significant increase in sales for this financial year when compared to FY25. We remain confident that as a result of the increasing opportunities in last mile delivery markets in particular, the business will continue to deliver strong growth throughout key international markets, resulting in increasing revenue and profit from various markets including Vehicle-as-a-Service (VaaS), Energy-as-a-Service (EaaS) and Data-as-a-Service (DaaS).”
Mr Chen’s commentary emphasises confidence in last mile delivery market expansion as the primary growth engine, supported by diversified revenue streams across the company’s service offerings.
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What comes next for Vmoto
Execution against the $73.5 million to $85 million revenue target will be the critical metric for investors to monitor in quarterly updates throughout FY26. The company plans to continue ramping up international growth as part of its e-mobility solutions strategy.
Where the company lands within the guidance range will depend on specific order timing and delivery schedules across its customer base. Both existing partnerships and new customer acquisition are expected to contribute to the forecast growth trajectory.
Investors should track progress on last mile delivery fleet deployments, regulatory developments in key Asian markets, and the evolution of service revenue contributions as indicators of guidance achievement.
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