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Vivopower Announces Strategic Direct Investment In Tembo At Us$120M Pre-Money Valuation

Jun 28, 2023•about 2 years ago
EindhovenEvents

Description

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 Information

Company

Tembo e-LV B.V

Location

Eindhoven, North Brabant, Netherlands

About

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.

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