Tembo

Tembo today is a specialist battery-electric and off-road vehicle company that focused on designing and building ruggedised light electric vehicle solutions for customers across the globe in the mining, infrastructure, utilities, government services (including defence, police vehicles and ambulances) and humanitarian aid sectors.

Tembo e-LV was born out of a business in the Netherlands that focused on off-road 4 wheel drive vehicle customisations for the mining, agricultural and humanitarian aid sectors. It has since developed light vehicle electrification solutions for off road, ruggedised and customised applications, including for customers across the globe in the mining, infrastructure, utilities, government services (including defence, police vehicles and ambulances) and humanitarian aid sectors.

The Arowana team identified Tembo as a leading technology provider globally that would fit into the sustainable energy solutions strategy that was being formed for its NASDAQ listed company, VivoPower. An initial 51% of Tembo was acquired and VivoPower subsequently moved to 100% control following a growth capital injection. Since the full acquisition and integration of Tembo by VivoPower, the strategic focus has been on hyperscaling the business. In less than 12 months, with the support of VivoPower and Arowana team members, Tembo has been able to secure distributorships in 6 continents globally with commitments and orders totalling an estimated US$700m for the next 3 to 5 years.

Tembo has also signed a binding letter of intent (LOI) with Toyota Motor Corporation Australia (TMCA) to deliver battery electric solutions for the Toyota Landcruiser, with an initial focus on off-road applications.

Key Information

Industry
Electric Vehicles
Geography
Global

Website

Milestones

2021
Tembo signs US$300m distribution agreement with GHH covering 50 countries
2021
Tembo signs distribution agreement with Bodiz for Mongolia
2021
Tembo signs distribution LOI with Arctic Trucks for the Nordics
2021
Tembo signs distribution agreement with Access Industries for Canada
2021
Tembo signs binding LOI with Toyota Motor Corporation Australia
2021
Tembo and VivoPower announce US$250m exclusive EV partnership deal with GB Auto in Australia
2021
Tembo becomes 100% owned subsidiary of NASDAQ listed, VivoPower
2020
Tembo becomes 51% owned subsidiary of NASDAQ listed, VivoPower
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