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.
Forward-Looking Statements
This communication includes certain statements
that may constitute “forward-looking statements” for purposes of
the U.S. federal securities laws. Forward-looking statements
include, but are not limited to, statements that refer to
projections, forecasts or other characterisations of future events
or circumstances, including any underlying assumptions. The words
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intends,” “may,” “might,” “plan,” “possible,” “potential,”
“predict,” “project,” “should,” “would” and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking.
Forward-looking statements may include, for example, statements
about the achievement of performance hurdles, or the benefits of
the events or transactions described in this communication and the
expected returns therefrom. These statements are based on
VivoPower’s management’s current expectations or beliefs and are
subject to risk, uncertainty, and changes in circumstances. Actual
results may vary materially from those expressed or implied by the
statements herein due to changes in economic, business, competitive
and/or regulatory factors, and other risks and uncertainties
affecting the operation of VivoPower’s business. These risks,
uncertainties and contingencies include changes in business
conditions, fluctuations in customer demand, changes in accounting
interpretations, management of rapid growth, intensity of
competition from other providers of products and services, changes
in general economic conditions, geopolitical events and regulatory
changes, and other factors set forth in VivoPower’s filings with
the United States Securities and Exchange Commission. The
information set forth herein should be read in light of such risks.
VivoPower is under no obligation to, and expressly disclaims any
obligation to, update or alter its forward-looking statements
whether as a result of new information, future events, changes in
assumptions or otherwise.
Contact
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shareholders@vivopower.com
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