VivoPower Advances US$200 Million Tembo Transaction Following Completion of Second Phase of Due Diligence by Energi Holdings
Tembo Secures Definitive Order from The Safari Collection in Africa
The Safari Collection is a world-renowned luxury safari company and owner of the Giraffe Manor
This is another leading safari company in Africa that has placed an order with Tembo
The first order was from Asilia Africa announced in February 2025
Tembo's solutions selected to drive sustainable safari experiences across Kenya
LONDON, April 28, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that its wholly-owned subsidiary, Tembo e-LV, has secured an inaugural order for its EV conversion kits from The Safari Collection, owner of luxury properties in Kenya, including the Giraffe Manor, Sasaab, Sala's Camp and Solio Lodge.
Established in 2009 by conservationists and safari entrepreneurs, Tanya and Mikey Carr-Hartley, The Safari Collection is a privately owned portfolio of distinctive luxury camps and lodges set in some of the most breathtaking locations across Kenya. Born from a deep passion for sharing the magic of Africa with the world, the company has grown into a leading name in bespoke safari experiences. With a strong focus on sustainable environmental practices and community empowerment, The Safari Collection plays a vital role in creating meaningful economic opportunities for the people of Kenya, all while preserving the extraordinary natural heritage of the region.
Tanya Carr-Hartley, Co-Founder of The Safari Collection, said: “At the Safari Collection, our commitment to preserving Kenya’s wild beauty goes hand in hand with innovation. Partnering with Tembo to electrify our vehicle fleet is a natural extension of our mission – to offer world-class safari experiences while treading lightly on the land we so deeply cherish. This is not just about mobility; it’s about sustainability, legacy, and protecting the places we love for future generations.”
Mikey Carr-Hartley, Co-Founder of The Safari Collection, said: “Our lodges are located in some of the most pristine, remote landscapes in Africa. Switching to electric safari vehicles helps ensure these extraordinary ecosystems remain intact – not only for our guests today, but for our children tomorrow. After having evaluated a number of alternative options, we decided to proceed with Tembo as their solutions were superior and more cost effective than other offerings in the market.”
Matthew Nestor, VivoPower’s Global Head of Partnerships and Sales, said: “We’re thrilled to partner with The Safari Collection, an organisation whose values of conservation, innovation, and local stewardship closely mirror our own. By electrifying their safari fleet, they’re not just leading by example in eco-tourism, but also proving that luxury and sustainability can go hand in hand, even in the most rugged environments.”
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
About Tembo
Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners, helping to perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and seeks to further the circular economy. Tembo is a subsidiary of VivoPower, a Nasdaq-listed B Corporation.
About The Safari Collection
Founded by Tanya and Mikey Carr-Hartley in 2009, The Safari Collection is a family-run portfolio offering immersive experiences at six unique properties in the finest locations in Kenya. The Carr-Hartleys are a family passionate about adventure, the spectacular un-spoilt wilderness areas of their home country and protecting it for future generations. It is from this pioneering spirit and love for Kenya’s wildest corners that The Safari Collection was born. The energy and passion of their dynamic team flows through everything that they do. The Safari Collection's authentic, first-hand knowledge spans the entire region to create unique, cutting-edge experiences.
Tembo Signs Definitive Distribution Agreement with the Kingdom of Saudi Arabia’s Green Watt Worth up to an Estimated US$85 Million over 5 Years
Agreement with Green Watt represents Tembo’s first deal in fast growing Saudi Arabian market
Green Watt has signed agreement with Tembo to sell and distribute 1,600 Tembo EUV units in the Kingdom of Saudi Arabia (KSA) up to 2030
Green Watt’s customer base includes Aramco, the world’s largest oil company, Halliburton, Honeywell, Baker Hughes and the Saudi Electric Company
LONDON, April 11, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) announced today that its subsidiary, Tembo e-LV (“Tembo”), has signed a Definitive Distribution Agreement (“Agreement”) worth up to an estimated US$85 million with leading Saudi Arabian energy and environmental solutions provider Green Watt to sell and distribute 1,600 Tembo electric utility vehicle (EUV) units across the Kingdom of Saudi Arabia over the next five years.
Green Watt is a KSA-based company established in 2016 and specializes in the areas of renewable energy, energy conservation, and environmental sustainability. With strong emphasis on environmental protection, quality and transparency, Green Watt assists its clients to achieve their financial and environmental objectives. By implementing energy conservation measures (ECMs), Green Watt ensures reduced power consumption, reduced cost and carbon footprint. In addition to that, Green Watt provides solutions ranging from stand-alone PV systems to complex hybrid applications. Customers of Green Watt include Aramco, Halliburton, the Saudi Electric Company, Honeywell, Baker Hughes, JAL International, and Al Mansoori, among others.
The strategic distribution agreement between VivoPower and Green Watt reflects both companies' shared commitment to advancing sustainable energy solutions in the Kingdom of Saudi Arabia.
Saudi Arabia presents an opportunity for corporate partnerships in sustainable energy solutions, driven by strong government support and ambitious carbon reduction targets aligned with global sustainability goals. The widespread use of ruggedized utility vehicles, such as the Land Cruiser 70 series, by law enforcement and government agencies, as well as the mining, oil and gas and other industrial sectors means there is a significant addressable market for electrification.
With numerous agencies and corporates operating under vehicle lease structures, converting used Land Cruisers to electric and re-leasing them offers a practical, cost-effective pathway to electrification. This model not only lowers operational costs but also supports the KSA’s transition to a greener economy.
Nazir Muhammad, CEO of Green Watt, said: “At Green Watt, we believe in electrifying the future of mobility, not just in words but in action. Our partnership with Tembo marks a decisive step towards cleaner, smarter transportation solutions across emerging markets. Together, we’re not only reducing emissions but also empowering communities with sustainable technologies that work for people and the planet.”
Matthew Nestor, Director, Head of Global Partnerships at VivoPower, said: “This partnership with Green Watt is a strategic milestone in our mission to deliver turnkey sustainable energy solutions to the Kingdom of Saudi Arabia. Nazir and the Green Watt team share our commitment to decarbonizing transport in a commercially viable and socially impactful way. By joining forces, we’re accelerating the deployment of Tembo’s electrification technology in a country committed to decarbonisation, where it can make a transformative difference.”
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
About Tembo
Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners, helping to perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and seeks to further the circular economy. Tembo is a subsidiary of VivoPower, a Nasdaq-listed B Corporation.
VivoPower Provides Further Updates with Respect to Non-Binding US$180 Million Takeover Proposal and Business Unit Spin-Offs
VivoPower to remain listed on Nasdaq and spin-off Tembo and Caret Digital as part of a revised US$180 million takeover proposal
Energi Holdings has amended takeover proposal to be a proportional offer to acquire 80% of the unaffiliated free float shares of VivoPower, subject to completion of due diligence
VivoPower free float shares would consequentially be reduced by 80% with Energi Holdings becoming the largest shareholder
Energi to be supportive of two VivoPower business spin-offs: Tembo SPAC merger with an equity value of $838 million and Caret Digital spinoff with an implied market cap of $250 million
LONDON, April 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that Energi Holdings Limited (“Energi”) has amended its non-binding takeover proposal to be a proportional offer to acquire 80% of the unaffiliated free float shares of VivoPower. Energi would consequentially become the largest and majority shareholder of VivoPower, whilst the unaffiliated free float would reduce by 80%.
Energi also agreed that it will be supportive of VivoPower’s plans to complete the Tembo SPAC transaction and the Caret Digital spin-off.
This announcement represents a clarification update on the prior unsolicited, non-binding all-cash offer made by Energi to acquire all non-affiliated free float shares of VivoPower. Energi is an Abu Dhabi-headquartered energy solutions company established in 2014. Energi has US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia (www.energi.ae) The proposed transaction is subject to, among other things, satisfactory completion of due diligence and the negotiation and execution of a definitive transaction document. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms currently contemplated, or at all.
Tembo SPAC
VivoPower continues to work closely with CCTSF (“Cactus Acquisition Corp. 1 Limited”), a Cayman Islands-exempted special purpose acquisition company (SPAC), to progress towards a closing of the previously announced business combination with Tembo by Q2, calendar 2025.
Caret Digital IPO
VivoPower plans to spin out Caret Digital through a direct listing IPO on either the Nasdaq or NYSE American market. It is proposed that VivoPower shareholders at a record date to be advised will be entitled to receive five (5) shares of Caret Digital for each VivoPower share held. The implied market capitalisation for Caret Digital is $250 million (subject to change based on market conditions and other factors). Caret Digital’s strategy will initially focus on cryptocurrency mining, with an emphasis on mining Dogecoin (DOGE). Leveraging DOGE mining economics, the company will convert mined DOGE into Bitcoin (BTC), securing BTC at an effective discount to its current market price.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
Tembo operates across international markets, including Asia, the Middle East, Africa, Oceania, Europe and North America
Increasing adoption of digital assets and currencies across these markets enables Tembo to provide these payment options, with potential benefits to its working capital cycle
LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that its subsidiary, Tembo e-LV will commence accepting payments for deposits and orders in Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE).
The primary rationale is to provide customers and partners with added flexibility as to how to pay Tembo for goods and services provided. With instantaneous settlement, it has the potential to shorten the working capital cycle for the Company.
VivoPower will incorporate these selected digital assets into its corporate treasury management strategy. The Company’s treasury may elect hold a portion of its reserves in Bitcoin, XRP, and/or Dogecoin, subject to ongoing market assessments and risk management considerations.
VivoPower remains committed to ensuring secure and compliant digital currency transactions and has established a payment architecture that enables this.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Vivopower’s Tembo Secures Full On Road Homologation For Its Tembo Tusker 100% Electric Vehicles In Us$10 Bn Australasian Pick Up Truck Market
Tembo Tusker is only the 2nd full electric utility vehicle pick up truck to receive full on road homologation VTA regulatory approval in Australia
Tuskers can now be driven on road and off road in all states and territories across Australia
VTA regulatory approval provides platform for Tembo to accelerate sales and deliveries of Tuskers to customers across all of Australia
LONDON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Tembo E-LV B.V. (“Tembo”), a subsidiary of Nasdaq-listed B Corporation, VivoPower International PLC (Nasdaq: VVPR) (“VivoPower”), is pleased to announce that it has secured full on road homologation vehicle type approval (VTA) for Tembo Tusker 100% electric utility vehicles across the Australia market.
The approval secured by Tembo makes the Tusker only the second full electric ute to receive full on-road homologation in Australia.
VTAs are a critically important regulatory milestone in the Australasian pick-up truck market, which we estimate to be approximately US$10 billion. Without VTAs, vehicles are not considered homologated and cannot be legally driven on public roads across Australia and New Zealand. They are crucial for ensuring that vehicles, including EVs, meet essential safety, environmental, and anti-theft standards before hitting the road. Under the Road Vehicle Standards (RVS) legislation, these approvals – managed by the Department of Infrastructure, Transport, Regional Development, and Communications – verify that EVs comply with stringent national regulations covering design, construction, and performance. As EV adoption accelerates, VTAs become vital in regulating new fully electric vehicle models in the market. They address unique EV-specific standards, such as battery safety and charging capabilities, helping manufacturers demonstrate compliance with local regulations. This not only enhances road safety but also builds consumer confidence in innovative EV technologies.
Tembo is currently in the process of securing similar clearance for Tuskers in New Zealand.
Chris Mallios, Chief Commercial Officer, VivoPower, said: “The Tembo Tusker range will augment our conversion programmes, 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, we 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 sustainable energy solutions to meet the diverse requirements of our global customer base.”
The Tembo Tusker range is available in single (Tusker-S) and dual-cab (Tusker-D) body configurations, with both 65Kwh and 77Kwh variants providing ranges of 330 km to 400 km, on a single charge, respectively. The vehicles will have a payload capacity of 1000 kg and an unbraked towing capacity of 750 kg.
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.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
About Tembo
Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners, helping to perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and seeks to further the circular economy. Tembo is a subsidiary of VivoPower, a Nasdaq-listed B Corporation.
VivoPower Announces Definitive Distribution Agreement to Distribute EV Fleet Charging Solutions
LONDON, May 15, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that it has signed a definitive partnership agreement (“Agreement”) for VivoPower to market and distribute Vital EV Solutions (“Vital EV”) fleet charging solutions globally.
Part of the Vital Group of companies, Vital EV is a specialist UK-headquartered company, offering a comprehensive range of electric vehicle charging solutions for fleet owners and is the official re-seller of Kempower charging stations and service solutions in the UK and across Africa. Kempower, headquartered in Finland, has the fastest EV fleet charging solutions on the market including for off-highway working environment applications.
Under the Agreement, VivoPower will be able to offer to its customers and partners a wide range of EV fleet charging products and services from Vital EV and Kempower for an initial term of 3 years. These products include multi-voltage lightweight movable rapid chargers, hub-and-spoke rapid and ultra-rapid charging systems, satellite dispensers as well as conventional station chargers.
The EV fleet charging solutions will be offered by VivoPower to complement Tembo’s EV conversion kits, which transform new and second-hand diesel-powered 4x4 Land Cruiser and Hilux vehicles into ruggedised EUVs for use in many sectors, including mining, infrastructure, government agencies, humanitarian, tourism, and agriculture. Tembo EV conversion kits are a key component of VivoPower’s turnkey sustainable energy solutions, designed to help corporate customers accelerate towards their net-zero carbon goals and to achieve cost savings.
Kevin Chin, VivoPower’s Executive Chairman and Chief Executive Officer, said:
“VivoPower’s purpose is to generate sustainable energy solutions to help our customers and our planet. This partnership will allow VivoPower to bundle ancillary charging solutions for our fleet owning customers and partners who are seeking to electrify their fleets with the Tembo EV conversion kits. Vital EV’s solutions are differentiated from others in the market in that they offer satellite remote charging, off-road and ruggedised charging, as well as both DC and AC charging. This is highly relevant for some of the use cases of our customers, including for off-road and remote conditions.”
Alex Rae, Vital EV’sDirector and General Manager, said:
“Vital EV are delighted to announce that VivoPower is set to become our partner as we extend the geographical reach of our highly reliable and future-proofed EV rapid charging solutions. VivoPower’s integrated focus on turnkey solutions complements our own objectives, which are to ensure all customers are supported with full product life-cycle services to ensure uptime and availability of critical charging infrastructure.”
About VivoPower
VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for customised and ruggedised fleet applications, battery and microgrids, solar and critical power technology and services. The Company's core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel in Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
About Vital EV
Vital EV is the UK market leader in the sales, service, and rental of Kempower (DC) rapid charging solutions. Its vision is to be the most trusted service provider within the EV charging sector by setting world-class customer service benchmarks and transforming customer expectations with honesty, integrity, and passion. Part of the Vital Group of companies, the business is led by a dynamic, innovative, and experienced management team. With a specialist understanding of power engineering and the automotive sector, it enjoys a successful track-record in delivering large-scale and technically complex project installations to an ever-growing customer base of EV users.
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VivoPower's Tembo E-LV to go public via $904 mln SPAC deal
VivoPower’s Tembo e-LV Subsidiary on Track for $200 Million Enterprise Value Investment from Energi Holdings via SPAC Transaction
Energi to acquire 51% of Tembo with VivoPower continuing to hold a significant shareholding in Tembo post-SPAC merger
Energi is supportive of Tembo’s business combination with Cactus Acquisition Corp 1 Limited (“SPAC”) at an equity valuation of $838 million
Tembo can now resume finalizing and filing the F-4 SPAC Registration Statement
LONDON, Aug. 18, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (“VivoPower” or the “Company”) today announced it has reached agreement with Energi Holdings Limited (“Energi”) whereby Energi will proceed to secure a 51% shareholding in Tembo e-LV B.V. (“Tembo”) via a strategic PIPE investment at the previously advised total enterprise valuation of $200 million. This confirmation will now enable the resumption of Tembo’s proposed business combination with the special purpose acquisition company (“SPAC”) namely Cactus Acquisition Corp 1 Limited (“CCTSF”). The immediate priority will be the filing of a registration statement on Form F-4, which will subsequently reviewed by the Securities and Exchange Commission.
The proposed investment by Energi is based on a total enterprise valuation for 100% of Tembo of $200 million, with the equity purchase price for the 51% stake to be derived from this enterprise valuation, adjusted for Tembo’s net debt and other customary adjustments at the time of closing. The investment is subject to completion of Tembo’s previously announced business combination agreement with Cactus Acquisition Corp. 1 Limited (“CCTSF”) and customary closing conditions. VivoPower would continue to retain a significant shareholding in Tembo should the business combination be successfully consummated.
The Board of VivoPower, the parent company of Tembo, has also commenced recruitment of a dedicated board of directors for Tembo, in preparation for its listing as a public company.
About VivoPower International PLC
VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of Ripple Lab shares and XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.
About Tembo e-LV B.V.
Tembo e-LV B.V. ("Tembo") is a subsidiary of VivoPower. Tembo is a specialist battery-electric and off-road vehicle company that designs and delivers ruggedized light electric vehicle solutions for fleet owners across various industrial sectors, including mining, agriculture, energy utilities, defense, police, government, and humanitarian aid. Tembo’s core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally.
Vivopower’s Tembo Extends Heads Of Agreement Exclusivity For Us$838m Merger With Ccts
Exclusivity period for Heads of Agreement extended to 31 August 2024
Extension to enable Tembo to consummate material transaction and update disclosure
LONDON, July 29, 2024 (GLOBE NEWSWIRE) -- The Nasdaq-listed B Corp, VivoPower International PLC (Nasdaq: VVPR, “VivoPower”), announced today that its electric vehicle subsidiary, Tembo e-LV B.V. (“Tembo”), has agreed to a further one month extension of its exclusive heads of agreement with Nasdaq-listed Cactus Acquisition Corporation I (Nasdaq: CCTS, CCTSW, CCTSU, “CCTS”) to 31 August 2024.
The extension is intended to provide additional time for Tembo to consummate a material transaction and update disclosures before finalising a definitive business combination agreement relating to the proposed transaction as well as the independent fairness opinion.
About VivoPower
VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. The Company’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
About Tembo
Tembo electric utility vehicles (EUVs) are the premier 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles that meet exacting standards of safety, reliability, and quality. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally, helping perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and activate the circular economy. Tembo is a subsidiary of the Nasdaq listed B Corporation, VivoPower International PLC
Sick of waiting for an electric Toyota HiLux? The 2024 Tembo Tusker is the next best thing – and you won’t believe the price
Tembo, a global leader in 4×4 EV conversions, has launched the Tembo Tusker, a 100-per-cent electrified ute priced from $74,000 (+GST and ORC) in Australia.
Tembo Confirms Heads Of Agreement Exclusivity Extension For Us$838m Merger With Ccts (Updated)
Exclusivity period for Heads of Agreement extended to 31 July 2024
LONDON, July 03, 2024 (GLOBE NEWSWIRE) -- the Nasdaq listed B Corp, VivoPower International PLC (Nasdaq: VVPR, “VivoPower”), announced today that its electric vehicle subsidiary, Tembo e-LV B.V. (“Tembo”), has agreed to a one month extension of its exclusive heads of agreement with Nasdaq listed Cactus Acquisition Corporation I (Nasdaq: CCTS, CCTSW, CCTSU, “CCTS”) to 31 July, 2024.
The extension is intended to provide additional time to finalise the definitive business combination agreement relating to the proposed transaction as well as the independent fairness opinion.
Tembo continues to negotiate with Cactus to conclude the definitive business combination agreement.
About VivoPower
VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. The Company’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
About Tembo
Tembo electric utility vehicles (EUVs) are the premier 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles that meet exacting standards of safety, reliability, and quality. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally, helping perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and activate the circular economy. Tembo is a subsidiary of the Nasdaq listed B Corporation, VivoPower International PLC
Vivopower’s Tembo Confirms Heads of Agreement Exclusivity Extension for Us$838m Merger With CCTS
Exclusivity period for Heads of Agreement extended to 31 July 2024
LONDON, July 02, 2024 (GLOBE NEWSWIRE) -- the Nasdaq listed B Corp, VivoPower International PLC (Nasdaq: VVPR, “VivoPower”), announced today that its electric vehicle subsidiary, Tembo e-LV B.V. (“Tembo”), has agreed to a one month extension of its exclusive heads of agreement with Nasdaq listed Cactus Acquisition Corporation I (Nasdaq: CCTS, CCTSW, CCTSU, “CCTS”) to 31 July, 2024.
The extension is intended to provide additional time to finalise the definitive business combination agreement relating to the proposed transaction as well as the independent fairness opinion.
About VivoPower
VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. The Company’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
About Tembo
Tembo electric utility vehicles (EUVs) are the premier 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles that meet exacting standards of safety, reliability, and quality. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally, helping perpetuate useful life, reduce costs, maximise return on assets, meet ESG goals and activate the circular economy. Tembo is a subsidiary of the Nasdaq listed B Corporation, VivoPower International PLC
VivoPower Subsidiary Tembo Combining with Cactus 1 in $838M Deal
VivoPower Conducted First Tembo e-LV Training for Our Partner GHH
Held at the new Tembo facility in Eindhoven, Netherlands, the training event featured Tembo e-LV engineers walking the GHH team through the different technical and operational requirements necessary to install and implement the Tembo electric vehicle conversion kits. Among the attendees were technicians and non-technical personnel from across GHH’s offices in Germany, India, South Africa, and Turkey.
As part of the programme, the Tembo team gave GHH representatives a tour of the new Eindhoven facility, which was opened in May. Attendees also had the chance to test drive one of the Tembo electric vehicles at the Lansard driving facility. The EV that they drove is earmarked for delivery to GHH Turkey.
“It was great to have a variety of GHH folks, from several countries, visit our new facility in Eindhoven for technical and operational training on the Tembo e-LV. It really proved to be a successful few days for everyone involved,” Matthew Nestor, Director, Head of Global Partnerships at VivoPower, said.
In September 2021, VivoPower and global mining solutions provider GHH signed a Definitive Agreement for GHH to purchase electric light vehicle conversion kits from VivoPower subsidiary Tembo e-LV over the next 5 years, which involved a multinational partnership across over 50 countries.
VivoPower and Tembo announce design services agreement with Toyota Australia
Toyota Australia is a wholly-owned subsidiary of Toyota Motor Corporation, the world’s largest car manufacturer
VivoPower has now established a Tembo Australia subsidiary and dedicated Tembo resources to this Toyota Australia programme
VivoPower International is pleased to announce that it has executed a Design Services Agreement (DSA) with Toyota Motor Corporation Australia Limited (TMCA) for its wholly-owned subsidiary, Tembo e-LV to be commercially engaged in relation to the next stage of design of electrification solutions for the Toyota LandCruiser 70 for off-road applications in Australia.
The DSA reflects the commercial next step in Tembo’s collaboration programme with TMCA, which was initially announced as a binding letter of intent in June 2021. VivoPower has established a Tembo subsidiary in Australia and will commit dedicated Tembo resources to this important programme.
VivoPower’s Executive Chairman and CEO, Kevin Chin said: “We are honoured to have entered into this commercial agreement with TMCA and are fully committed to working closely with the TMCA team to deliver an electrified LandCruiser 70, which is fit for purpose and safe for corporate fleets, especially for off-road use cases such as mining. In this regard, we have now dedicated a team within Tembo that is solely focused on this important TMCA project. We will also be sub-contracting our partner in Australia, GB Auto, given their dedicated mining sector experience.”
To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.
About VivoPower
VivoPower is a sustainable energy solutions company focused on electrification solutions for customized and ruggedized fleet applications, and solar and critical power technology and services. The Company’s core purpose is to provide its customers with turnkey decarbonization solutions that enable them to move toward net-zero carbon status. VivoPower is a certified B Corporation with operations in Australia, Canada, the Netherlands, the United Kingdom, the United States, and the United Arab Emirates.
About Toyota Motor Corporation Australia
Toyota Motor Corporation Australia Limited is a wholly-owned subsidiary of Toyota Motor Corporation, the world’s largest car manufacturer.
All trademarks referenced herein are the property of their respective owners.
Sophie Morello / Jessica Hodson Walker / Richard Bicknell
Why Choose Tembo Electric Light Vehicles
Electric light vehicles offer mining companies an effective way to cut their carbon emissions. Unlike petrol or diesel engine vehicles, EVs don’t produce any greenhouse gases. This makes them an excellent choice for working in enclosed spaces such as underground mines.
However, finding the right electric vehicle for mining isn’t easy. Mines often have some of the harshest working conditions around. EVs should be tough enough to withstand the wear and tear in such environments.
Tembo e-LVs are built to do exactly that. The Electric Cruiser and Electric HLX are as strong and as durable as their original Toyota counterparts. However, they’re more environmentally-friendly, thanks to their emissions-free E-Drive motors.
What are Tembo electric light vehicles (e-LVs)?
Tembo e-LVs are electric vehicles specially designed for use in rough environments. They are built from Toyota Land Cruiser and Hilux vehicles whose diesel engines have been replaced with electric motors. Original gearboxes have also been swapped out in favour of a Tembo 1:3 reduction gearbox.
Why convert the Land Cruiser or Hilux?
Mining companies work in some of the world’s harshest environments. Their worksites can often be found in remote locations that are difficult to reach through traditional means. Workers need vehicles that are strong and durable enough to handle long drives on very rough roads.
Two of the most common vehicles used by mining companies are the Toyota Land Cruiser 70 series and the Toyota Hilux. They also have a powerful diesel engine that is more than capable of handling heavy loads. The only problem is that these engines won’t meet future emission standards.
To solve this, Tembo reimagined these workhorses as electric light vehicles. By replacing the diesel engine with an electric motor, Tembo makes these vehicles more environmentally-friendly. The electric vehicles still have the same rugged features as their original Toyota design, with a heavy-duty frame and powertrain that can operate even in harsh conditions. However, they are now 100% emissions-free.
How does it work?
The batteries for the Tembo e-LV can be found under the hood in front, and in the rear, where the fuel tank would normally be.
Tembo e-LVs make use of high-quality components from the automotive industry. Diesel engines and gearboxes have been switched out for battery-powered electric units.
One of the most noticeable features of driving a Tembo Electric Cruiser or Electric HLX is how easy it is to handle. The 110/65 KW E-Drive motor offers 250Nm of torque right from the beginning. This force is regulated by the onboard electric vehicle control unit (EVCU), resulting in a smooth driving experience.
The lack of a gearbox eliminates the need for cycling through different gears while driving. The E-Drive motor handles the vehicle’s entire RPM range from manoeuvring to highway speeds.
Tembo e-LVs also have a 4-wheel drive system with a central differential between the front and rear wheels. This effectively minimises the potential strain on the vehicle’s drivetrain.
Features of Tembo electric light vehicles
Smooth acceleration
Since Tembo has taken out the gearbox from the vehicle, there is no need to change gears while driving. This removes the jerking motion often seen in petrol and diesel engine vehicles when switching gears.
Tembo e-LVs have also been fitted with EVCUs capable of handling the gradual increase in power for the drivetrain. The control unit lessens the stress on the driveline and ensures a smooth driving experience.
Better weight distribution
One of the biggest challenges in making electric vehicles is where to put the battery unit. EVs rely on high-capacity batteries to make sure that they have enough power to operate. However, having multiple battery units on the vehicle adds to its total weight.
Tembo has addressed the problem by dividing the battery capacity over the front and the rear of its electric vehicles. This significantly improves weight distribution and prevents bouncing of the e-LV’s rear, which is a common issue when driving an empty pickup.
No engine noise
Unlike fuel engine vehicles, Tembo e-LVs don’t produce much noise. In fact, the only noticeable sound comes from the tyres touching the road while driving, drastically reducing the noise pollution that usually comes from big diesel engines operating in and around work sites.
Heavy-duty water- and dustproof battery housing
Another challenge when operating electric vehicles is how to keep batteries operating in different environments. Tembo e-LVs are designed with a heavy-duty battery housing that is both waterproof and dustproof.
Speed limiter
Tembo e-LVs come with a speed limiter to help drivers operate the vehicles according to their needs. This feature can be accessed through the dedicated software on the dashboard’s instrument panel.
Onboard diagnostics
To help keep Tembo e-LVs in optimal condition, we have also fitted them with several fleet management options. These can also be accessed via the onboard instrument panel.
Optional fire suppression & emergency failsafe brake systems
The Tembo Electric Cruiser and Electric HLX vehicles are designed with safety as the top priority, with options to include both fire suppression and emergency failsafe brake systems.
Tembo’s fire suppression system makes use of high-pressure water combined with a small amount of foam additive. The mixture addresses all three components of a chain reaction (heat, oxygen, and fuel) that can cause a fire.
Tembo can also add an emergency failsafe brake system to e-LVs to prevent accidents due to uncontrolled vehicle movement. This wet brake system can activate if the vehicle’s door suddenly opens whilst driving or if the E-stop button is pressed. It can also activate if the engine key is turned off.
The Tembo e-LV brake system is specially designed to improve brake reliability and vehicle safety. It can also help reduce vehicle operating costs.
Benefits of Driving Tembo e-LV Electric Cruisers or Electric HLXs
Since Tembo e-LVs are zero emission vehicles, they can be used in underground mines.
There are several advantages to using Tembo e-LVs in mining sites. Investing in an Electric Cruiser or Electric HLX fleet means zero petrol and diesel fill-ups. It also lets operators save money on costly oil changes and maintenance.
As 100% battery-operated vehicles, e-LVs also don’t release greenhouse gases.
Zero emissions
Two of the biggest challenges faced by mining companies are maintaining health & safety and clean air standards. Many workers who operate in underground mines rely on vehicles that run on diesel power. However, this exposes them to particulate matter that is very harmful to their health and wellbeing.
Using electric vehicles like Tembo e-LVs can help address this problem. Since they have electric motors instead of diesel engines, e-LVs don’t produce any C02 emissions. This reduces the amount of particulate matter in the air of an underground operation, helping workers to avoid serious health risks often associated with breathing polluted air.
Less noise generation
Air pollution isn’t the only problem that Tembo electric light vehicles can solve. They can also help lessen the level of noise pollution, particularly inside underground mines.
Unlike traditional fuel engine vehicles, e-LVs produce almost zero noise. The Tembo E-Drive motor can operate without making much sound, so Electric Cruiser and Electric HLX vehicles can be driven without adding to worksite noise pollution.
Less vehicle heat
Electric motors have an efficiency rating of over 90%. They also don’t generate a lot of heat. Meanwhile, combustion engines only have an efficiency of approximately 40%. They also tend to get very hot, especially when used for long periods.
Lower maintenance cost
Tembo e-LVs have significantly lower maintenance costs compared to petrol or diesel engine vehicles. The E-Drive motor’s regenerative braking system enables the use of the e-LV’s brakes for a much longer period than ordinary ones. Other maintenance costs such as replacement of air, oil, and fuel filters are also reduced or eliminated entirely.
Lower operational cost
Vehicle operating costs will be substantially reduced by investing in an electric light vehicle fleet. Using electricity is much more affordable compared to using diesel, resulting in significantly lower fuel costs.
Another area of savings is in ventilation for underground mines. Most mining companies spend between 20-40% of their total overhead cost to provide work site ventilation. This includes lowering the heat and getting rid of harmful gases inside mines. The electric motor in Tembo e-LVs doesn’t generate the same level of heat as combustion engines. Using them won’t increase the temperature in underground mines.
Shorter downtime
VivoPower and Tembo know the importance of a reliable vehicle fleet for mining and industrial companies. That’s why only high-quality automotive components are used in building Tembo e-LVs. This ensures that Tembo e-LVs can operate exceptionally well even in rough conditions.
Tembo electric light vehicles don’t require much maintenance, avoiding long periods of downtime.
No need for expensive and hazardous fuel infrastructure
Using petrol or diesel engine vehicles typically requires an infrastructure for fossil fuels at the worksite. However, building one is very expensive and potentially dangerous.
By comparison, having an e-LV fleet doesn’t require building any new facilities. The same electric infrastructure already used for light and ventilation can be utilised to charge the vehicles. They’re also a lot safer to use than combustion engine vehicles.
Employer branding
World and city governments are starting to pay closer attention to the environmental impacts of greenhouse gases.
Business leaders can also commit to CO2 emission reductions by switching to an e-LV fleet. Eliminating reliance on petrol or diesel engine vehicles is a major step towards meeting corporate emissions targets. Research shows that companies that commit to decarbonisation goals also become a lot more appealing to potential investors and employees as environmentally-conscious organisations.
Governmental preference
Regulatory bodies in the mining industry are starting to favour companies that commit to an all-electric underground environment. An all-electric fleet can improve the odds and speed of getting necessary approvals from these agencies. Investing in green vehicles and infrastructure can add considerable value to an organisation’s reputation.
Invest in a greener future
Tembo e-LVs are more environmentally-friendly than fossil fuel vehicles.
Switching to EVs isn’t just about improving existing vehicle fleets. It’s also about investing in a greener future for organisations.
The mining industry is already turning its back on fossil fuels because of their negative impact on the environment. Having an electric light vehicle fleet can help mining companies cut their emission levels.
Tembo e-LVs are therefore the perfect choice. Its E-Drive motor and battery system are designed to power the vehicles even through the roughest conditions. Whether it’s the Electric Land Cruiser or the Electric HLX, these e-LVs are built to last a long time.
Investing in Tembo electric light vehicles is one of the best decisions an organisation can make.
Check out our product video for the Tembo e-LV Electric Cruiser.
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