June 2024

VivoPower's Tembo Secures 200 Tuskers Worth US$10M

Tembo has secured a minimum of 200 Tuskers for the Australia and NZ markets 

Australian sales of pick up trucks reached approximately $US700m in the month of May 2024

Tembo exhibited the Tuskers successfully at  leading Australian mining focused trade show

Interest and demand for Tuskers has been significantly stronger than expected

Tembo is now accelerating a push into other markets for the Tuskers

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NASDAQ-listed B Corp, VivoPower announced today that its electric vehicle subsidiary, Tembo E-LV, has secured a minimum 200 committed Tembo Tuskers, its full electric pick up utility vehicle, for delivery to customers and partners in Australia and New Zealand by February 2026.

This is following Australian pick up truck sales in May 2024 of approximately $US700m (source: VFACTS/FCAI, 4 June 2024) and stronger than expected interest at a leading Australian mining-focused trade show.

The Tembo Tuskers come in both left-hand and right-hand configurations, with single and dual cab options available.  They have a base range of 330 kilometres, as well as a payload capacity of 1 tonne, and an unbraked towing capacity of 750 kilograms.  Importantly they are priced at 15% below other comparable electric utility vehicles in the launch markets of Australia and New Zealand.  The initial order of Tembo Tuskers is being prepared for delivery to partners and customers in Australia, with full on-road homologation on track to be granted by July 2024.

Tembo will now seek to fast-track its strategy of bringing the Tuskers to other markets where it has customers and partners, including the United Arab Emirates, Africa, Europe, Asia, and Canada, amongst others.

The Tembo Tusker range will augment the Tembo conversion programs, increasing choices for Tembo’s B2B customer base and target market. Depending on where a fleet customer is in their fleet replacement cycle and/or depending on their strategic requirements and total cost of ownership considerations, Tembo will now be able to offer a choice of a full electric utility vehicle or a conversion of an existing utility vehicle. This expanded offering underscores Tembo's commitment to providing tailored solutions to meet the diverse requirements of its global customer base.

More broadly, VivoPower’s strategic focus remains on delivering purpose-driven sustainable energy solutions to electrify B2B fleets, encompassing aftermarket solutions, charging, digital twins, software, and data analytics, aligning with evolving market dynamics and regulatory frameworks.  The Tembo Tuskers will accelerate the pathway to delivering on this.

To read the full press release, and to keep up with all of VivoPower’s releases, visit the Press Releases page.

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