VMoto Secures Funding Partnership With Giovanni Castiglioni

Italian entrepreneur Claudio Castiglioni constructed his legacy by saving and reviving marquee Italian bike manufacturers corresponding to MV Agusta and Ducati. For that cause, Castiglioni’s magic contact will at all times be linked to the enduring Ducati 916 and MV Agusta F4 superbikes. When Claudio Castiglioni handed away in 2011, his son, Giovanni Castiglioni, had large footwear to fill.

Nevertheless, Giovanni continues to forge his personal path after his tenure as MV Agusta President led to 2019. The Italian entrepreneur’s newest endeavor doesn’t should do with saving a legendary nameplate, although. As a substitute, Castiglioni is constructing his legacy on the way forward for electrical mobility.

Chinese language electrical bike specialists VMoto lately signed a strategic partnership and funding settlement with Castiglioni because the model seeks to develop in Europe. Underneath the settlement, Castiglioni will make a direct funding within the firm and develop into a member of Vmoto’s board of administrators.

Alongside Castiglioni, VMoto strengthened its relationship with three way partnership accomplice Graziano Milone. After discovering success with Vmoto’s Italian distribution firm, Vmoto Soco Italy (VSI), Milone will develop into VSI’s Chief Advertising and marketing Officer and President of Technique and Enterprise Improvement.

On account of Milone’s new function and Castiglioni’s new funding, the 2 Italian businessmen will every personal 25 % of VSI.

“(Giovanni Castiglioni’s) expertise and spectacular observe file within the international bike business provides me nice confidence in his capacity to help Vmoto in delivering unprecedented progress and success,” defined Vmoto Managing Director Charles Chen. “I’m additionally thrilled to consolidate my friendship and collaboration with Graziano Milone who, along with enjoying a strategic and essential function for Vmoto, has elevated his stake within the firm as an illustration of the belief he locations in Vmoto.”

Whereas the VMoto collaboration marks a brand new enterprise for Castiglioni, it isn’t his first rodeo within the electrical mobility sector. Castiglioni beforehand invested in Australian e-bike firm Stealth in June, 2021. Giovanni Castiglioni could not have the Ducati 916 and MV Agusta F4 to his credit score, however he’s filling his father’s footwear in his personal distinctive approach.