Electric scooter manufacturer Vmoto Ltd joind Aim on 9 November 2012. Vmoto raised £1.6m at 1.3p a share. Vmoto, which was founded in 2002, manufactures scooters in China and the eponymous Vmoto brand is aimed at the vale market in Asia. The E-Max brand is targeted at the Western market and is more of a premium product. Vmoto is also an outsourced manufacturer for Vectrix and PowerEagle, where gross margins are lower. Vmoto is also ASX-listed.