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VIVOPOWER’S TEMBO SECURES FULL ON ROAD HOMOLOGATION FOR ITS TEMBO TUSKER 100% ELECTRIC VEHICLES IN US$10 bn AUSTRALASIAN PICK UP TRUCK MARKET

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VivoPower's subsidiary Tembo has secured full on-road homologation vehicle type approval (VTA) for its Tembo Tusker electric vehicles in Australia, becoming only the second electric utility vehicle to achieve this certification. The approval allows Tuskers to be driven both on and off-road across all Australian territories. Operating in the US$10 billion Australasian pick-up truck market, the Tusker range includes single and dual-cab configurations with 65Kwh and 77Kwh variants, offering ranges of 330-400 km per charge, 1000 kg payload capacity, and 750 kg towing capacity. Tembo plans to expand into other markets including UAE, Africa, Europe, Asia, and Canada.

La sussidiaria di VivoPower, Tembo, ha ottenuto l'omologazione completa per veicoli stradali (VTA) per i suoi veicoli elettrici Tembo Tusker in Australia, diventando solo il secondo veicolo elettrico per utilizzo commerciale a ottenere questa certificazione. L'approvazione consente ai Tusker di circolare sia su strada che fuoristrada in tutti i territori australiani. Operando nel mercato dei camion pick-up da 10 miliardi di dollari australiani, la gamma Tusker include configurazioni cabina singola e doppia con varianti da 65 Kwh e 77 Kwh, offrendo autonomie di 330-400 km per carica, una capacità di carico di 1000 kg e una capacità di traino di 750 kg. Tembo prevede di espandersi in altri mercati, inclusi Emirati Arabi Uniti, Africa, Europa, Asia e Canada.

La subsidiaria de VivoPower, Tembo, ha asegurado la homologación completa para vehículos de carretera (VTA) para sus vehículos eléctricos Tembo Tusker en Australia, convirtiéndose en el segundo vehículo utilitario eléctrico en lograr esta certificación. La aprobación permite que los Tusker circulen tanto en carretera como fuera de ella en todos los territorios australianos. Operando en el mercado de camionetas pick-up de 10 mil millones de dólares australianos, la gama Tusker incluye configuraciones de cabina simple y doble con variantes de 65 Kwh y 77 Kwh, ofreciendo autonomías de 330-400 km por carga, una capacidad de carga de 1000 kg y una capacidad de remolque de 750 kg. Tembo planea expandirse a otros mercados, incluyendo Emiratos Árabes Unidos, África, Europa, Asia y Canadá.

비보파워의 자회사 템보가 호주에서 템보 타스커 전기차에 대한 도로 완전 인증 차량 타입 승인(VTA)을 확보하여, 이를 통해 두 번째 전기 유틸리티 차량으로 인증을 받은 것입니다. 이 승인은 타스커가 호주 전역에서 도로 및 비도로에서 모두 운전할 수 있게 허용합니다. 100억 달러 호주 달러에 달하는 호주 픽업트럭 시장에서 활동하며, 타스커 범위는 65Kwh 및 77Kwh 변형과 함께 싱글 및 더블 캡 구성을 포함하며, 한 번 충전으로 330-400km의 주행 거리, 1000kg의 적재 용량 및 750kg의 견인 용량을 제공합니다. 템보는 UAE, 아프리카, 유럽, 아시아 및 캐나다를 포함한 다른 시장으로 확장할 계획입니다.

La filiale de VivoPower, Tembo, a obtenu l'homologation complète pour véhicules routiers (VTA) pour ses véhicules électriques Tembo Tusker en Australie, devenant ainsi le deuxième véhicule utilitaire électrique à obtenir cette certification. L'approbation permet aux Tuskers de circuler aussi bien sur route qu'en dehors, dans tous les territoires australiens. Opérant sur le marché des pick-up australiens de 10 milliards de dollars, la gamme Tusker inclut des configurations à cabine simple et double avec des variantes de 65 Kwh et 77 Kwh, offrant des autonomies de 330 à 400 km par charge, une capacité de charge de 1000 kg et une capacité de remorquage de 750 kg. Tembo prévoit de s'étendre vers d'autres marchés, y compris les Émirats Arabes Unis, l'Afrique, l'Europe, l'Asie et le Canada.

VivoPowers Tochtergesellschaft Tembo hat die vollumfängliche Genehmigung für die Straßenzulassung (VTA) ihrer Tembo Tusker Elektrofahrzeuge in Australien erhalten und ist damit das zweite elektrische Nutzfahrzeug, das diese Zertifizierung erreicht hat. Die Genehmigung erlaubt es den Tuskern, sowohl auf als auch abseits der Straße in allen australischen Territorien zu fahren. Im Markt für Pick-up-Trucks in Australien im Wert von 10 Milliarden US-Dollar ist die Tusker-Reihe mit Einzel- und Doppelkabinenkonfigurationen erhältlich, sowie Varianten mit 65 Kwh und 77 Kwh, die Reichweiten von 330-400 km pro Ladung, eine Nutzlastkapazität von 1000 kg und eine Anhängelast von 750 kg bieten. Tembo plant, in andere Märkte zu expandieren, einschließlich der VAE, Afrika, Europa, Asien und Kanada.

Positive
  • Secured critical VTA regulatory approval in Australia, enabling legal on-road operations
  • Only second electric utility vehicle to achieve full homologation in Australia
  • Operating in a US$10 billion market opportunity
  • Competitive vehicle specifications with 330-400 km range, 1000 kg payload
Negative
  • None.

Insights

The VTA approval for Tembo Tusker in Australia represents a significant milestone in the $10 billion Australasian pickup truck market. Being only the second electric utility vehicle to achieve full on-road homologation creates a strong competitive advantage and first-mover opportunity. The approval enables immediate market access across all Australian territories, potentially accelerating revenue generation.

The dual offering strategy - both new Tusker vehicles and conversion programs - positions Tembo strategically in the B2B market. With vehicle ranges of 330-400 km and practical payload capacities, the specifications meet commercial fleet requirements. The planned expansion into UAE, Africa, Europe, Asia and Canada suggests strong growth potential, though success will depend on securing similar regulatory approvals in these markets.

The Tusker's technical specifications are competitive in the commercial EV space. The dual battery options (65kWh and 77kWh) with substantial range capabilities address range anxiety concerns. The 1000kg payload and 750kg towing capacity make it viable for various commercial applications. The vehicle's compliance with stringent safety and environmental standards through VTA approval validates its technical robustness.

The ability to offer both single and dual-cab configurations provides flexibility for different business needs. However, the success will largely depend on charging infrastructure availability and total cost of ownership compared to conventional vehicles.

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.

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 

Shareholder Enquiries 

shareholders@vivopower.com


FAQ

What regulatory approval did VivoPower (VVPR) receive for Tembo Tusker in Australia?

VivoPower's Tembo received full on-road homologation vehicle type approval (VTA) for its Tembo Tusker electric vehicles in Australia, allowing them to be legally driven on all public roads across the country.

What is the range and payload capacity of the Tembo Tusker electric vehicles (VVPR)?

The Tembo Tusker offers ranges of 330-400 km on a single charge, depending on battery variant (65Kwh or 77Kwh), with a payload capacity of 1000 kg and unbraked towing capacity of 750 kg.

What markets is VivoPower (VVPR) targeting for Tembo Tusker expansion?

VivoPower plans to expand Tembo Tusker into markets including the United Arab Emirates, Africa, Europe, Asia, and Canada.

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