Vmoto partners with Giovanni Castiglioni and Graziano Milone, in investment and development agreement.
Vmoto Limited (ASX: VMT), or Vmoto Soco – makers of the TC and TS motorcycle lines and a line of electric scooters, announces that it has entered a strategic advisory and investment agreement with Giovanni Castiglioni (Castiglioni) and Graziano Milone (Milone). Both are experienced European entrepreneurs that are well-known names as investors and executives in the global motorcycle industry.
Previously owners of iconic and successful motorcycle brands and companies like the iconic MV Augusta. During the Castiglioni family’s management era, some of the most successful MV Agusta motorcycles style and design were conceived.
Vmoto has made some headlines with the announcement of the Stash, presented at at EICMA 2021. The company has been well established with their current line of electric naked motorcycles and scooters. Now, Vmoto gets more tailwinds in both investing agreement and a partnership that is designed to strengthen the company’s position in both product aspects and marketing & sales.
The strategic agreement with Castiglioni will be both in a direct investment in Vmoto as well as the appointment of an advisor to Vmoto’s board of directors, with the objective of developing new sales opportunities and marketing strategies in the European market and globally. Castiglioni will share his vast experience in motorcycle designs and collaborate with Vmoto on the development of new electric motorcycle products for the Company.
Vmoto has also announced they appointed Mr. Graziano Milone, partner of Vmoto’s joint venture in its Italian distribution company, Vmoto Soco Italy srl (VSI), as the Company’s Chief Marketing Officer / President of Strategy and Business Development.
Milone is an experienced entrepreneur with a proven track record in numerous sectors, including the distribution of motorcycles. He has successfully developed and increased sales for a number of renowned international trading and manufacturing groups in Italy and Europe. Vmoto, through VSI, has entered into an investment agreement with Milone.
Apart from the direct investment in Vmoto, Castiglioni will additionally make an investment in VSI. Both Castiglioni and Milone will each own 25% of VSI following their investment, while Vmoto will retain a 50% interest in the company.
All parties share their feelings on the event, and what the future holds for the partnership. No doubt that Castiglioni has great confidence in the ability of Vmoto Soco to perform extremely well over the coming years.
The partnership could definitely be a breakthrough moment for Vmoto, as they can benefit in many aspects from the experience and track record of Castiglioni and Milone, with the obvious investment part but also in many of the product, design and marketing aspects.
If you want to get the full financial details of the investment, you can visit the company’s official announcement.
“I have been working unofficially alongside the members of the Vmoto team for some time and I am pleased to formalize this relationship. I am excited about Vmoto’s growth potential and confident that with the Company’s unique and innovative products, established B2B and B2C markets, and the strong vision of Charles and his team, the Company is on the verge of becoming one of the most successful players in the electric urban mobility space. I want to thank Charles for the trust in me and Milone for his foresight and commitment to the strategic development of Vmoto both in Italy and globally. I am very proud and excited to support them in this fantastic endeavor”.
Giovanni Castiglioni commented
Charles Chan, Managing Director of Vmoto, also expressed his shared view on the expected growth and the potential of the partnership to push the company forward.
“I am thrilled to have someone as experienced and successful as Giovanni not only joining our share register, but also coming on board as the new team member as a global advisor who focuses on our sales strategies, global marketing and development. His experience and impressive track record in the global motorcycle industry gives me great confidence in his ability to support Vmoto in delivering unprecedented growth and success, enhancing the Company’s already bright future.
I am also thrilled to consolidate my friendship and collaboration with Graziano Milone who, in addition to playing a strategic and important role for Vmoto, has increased his stake in the Company as a demonstration of the trust he places in Vmoto”.
Charles Chen, Managing Director of Vmoto
“I am very happy that Giovanni joins our team and I am sure that his experience and contribution will be an integral part of Vmoto’s growth. His experience in style and image will be important for the development of Vmoto’s future products. On this occasion, I thank Charles and his team for the trust he placed in me”.
Graziano Milone, CMO / President of Strategy and Business Development
Source: Vmoto
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