Vivopower Announces Strategic Direct Investment In Tembo At Us$120M Pre-Money Valuation
06/28/23, 1:19 PM
Location
eindhovenIndustry
events
VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce a strategic direct equity investment into its wholly owned subsidiary, Tembo e-LV B.V. (“Tembo”) at a pre-money valuation of US$120 million.
Company Info
Location
eindhoven, north brabant, netherlands
Additional Info
Tembo e-LV B.V. is a subsidiary of VivoPower focused on electric solutions for ruggedized fleet applications. They provide customized and sustainable energy solutions for both off-road and on-road vehicles. The company is linked with VivoPower's broader transformation into digital asset management. Specifics on their operational scope are not outlined in the text.