Ground breaking strategic development allows Tembo to bypass capex intensive assembly process and fast track path to profitable revenues
Fully electric OEM pickup utility vehicle facilitated by establishment of world class supply chain across Asia augmented with European design and development heritage
Initial B2B orders already secured for the EU-certified OEM vehicles, which are on track for full homologation by July 2024
Tembo OEM vehicle range complements current EUV conversion kit program, offering more choice to B2B corporate fleet customers
Strategic supply chain will also materially reduce direct costs for the Tembo EUV conversion kit and Jeepney programs
The OEM program is projected to expand Tembo's total addressable B2B market by over 100% to $203 billion
Executive Chairman of VivoPower will provide a verbal strategy and product update on June 5, 2024