Vmoto signs strategic fleet supply and partnership agreement with Mute Group
Vmoto (ASX: VMT) has signed a strategic fleet supply and partnership agreement with Mute International Ltd (“Mute UK”) and Mute Belgium bv (“Mute Belgium”), together the “Mute Group”. The agreement includes binding initial orders for 185 electric vehicles, representing approximately A$525,970 in sales revenue to Vmoto.
Under the agreement, Vmoto will serve as Mute Group’s core strategic fleet and energy infrastructure partner for the UK and European markets. The binding order book and a named European fleet partner support Vmoto’s strategy to expand its international fleet business, although the initial revenue is modest.
Key highlights of the agreement include:
- 185 electric vehicles ordered for deployment across the UK and Belgium
- 14 fast-charging stations to be supplied by Vmoto
- A framework covering electric vehicle supply, spare parts, technical integration, battery solutions and related services
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Binding orders of 185 electric vehicles across the UK and Belgium
The Mute Group has placed binding initial orders under the agreement, split between its two entities. The combined sales value of the initial orders to Vmoto is approximately A$525,970.
Against Vmoto’s FY26 sales guidance of A$73.5 million to A$85 million, the A$525,970 initial order is small, though the company has flagged fleet and last mile partnerships as its primary growth engine.
| Entity | Market | Vehicles ordered |
|---|---|---|
| Mute UK | United Kingdom | 100 |
| Mute Belgium | Belgium | 85 |
| Total | n/a | 185 (approx. A$525,970) |
The parties intend to build on this initial deployment through further written orders as Mute Group’s fleet requirements evolve and additional commercial opportunities emerge. This provides a foundation for potential longer-term vehicle supply, subject to customer demand and mutually agreed commercial terms.
Charles Chen, Managing Director
“The initial orders for 185 electric vehicles, together with the deployment of 14 fast-charging stations, represent an important first step in our cooperation.”
Fast-charging stations and an integrated e-mobility offer
In addition to the vehicle orders, Vmoto will supply 14 fast-charging stations to Mute Group for installation at sites to be selected by Mute Group. Mute Group will be responsible for installation and associated electrical works, obtaining the necessary permits, and the ongoing operation and maintenance of the stations.
The planned charging infrastructure is intended to support the operational deployment of Mute Group’s electric vehicle fleet. It also aims to contribute to an integrated e-mobility ecosystem that combines vehicle supply with charging solutions.
Beyond the initial orders and charging infrastructure supply, the parties will continue discussions on potential cooperation in several areas:
- Expansion of e-mobility energy infrastructure
- Software and data integration
- Battery solutions
- Other related opportunities
Any additional orders, projects or initiatives will remain subject to further written agreement between the parties, as applicable.
Why fleet partnerships matter for Vmoto
A subscription model lets riders and businesses access an electric moped for a recurring fee rather than buying the vehicle outright. Mute Group’s all-inclusive service, depending on the subscription offering, covers the electric moped, maintenance, on-demand repairs, insurance including third-party liability, fire and theft coverage, a road-safe helmet, an anti-theft lock and a phone holder.
Mute Group operates electric-moped subscription and fleet businesses, offering business-to-consumer (B2C) commuter and courier solutions, as well as business-to-business (B2B) fleet services across the UK, Belgium, selected European markets and Asia.
According to Vmoto, fleet operators represent an important market opportunity, as businesses increasingly seek practical electric mobility solutions for commuter transportation, delivery services and other commercial applications. Working with established fleet operators provides Vmoto with opportunities to deploy its vehicles across multiple customer segments while developing longer-term commercial relationships.
Vmoto’s Uber partnership, renewed with automatic annual rollovers, already gives it a recurring demand channel among European delivery couriers, and the Mute Group agreement adds a named fleet operator to that mix.
Mr Chen said the partnership is “consistent with Vmoto’s strategy of building long-term relationships with fleet operators and expanding our international presence through integrated electric mobility solutions…”
Potential areas for future development include further vehicle supply, charging infrastructure, battery solutions and technical integration, subject to market demand, operational requirements and mutually agreed commercial arrangements.
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