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VivoPower's Tembo Tuskers order and deliveries on schedule for February 2025, from Sydney, Australia
VVPRVivoPower(VVPR) GlobeNewswire·2025-01-22 20:45

Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will receive 25 Tusker full electric utility vehicles in Sydney, Australia by the end of February 2025, driven by strong customer demand [1][2] - The Tusker vehicles feature next-generation upgrades including electronic park braking, uphill drive assistance, and a 12.3-inch center console screen [2] - Tembo is assisting fleet owners in securing a NSW government fleet incentive of up to A15,000pervehicle[1]TheTemboTuskersarerecognizedasthebestvalueformoney10015,000 per vehicle [1] - The Tembo Tuskers are recognized as the best value for money 100% electric utility pick-up trucks in Australia, backed by a 3-year OEM warranty and an 8-year battery warranty from CATL [2][3] Regulatory Approval - The Tusker received full Australian Federal Government on-road homologation vehicle type approval in November 2024, a critical regulatory milestone for the Australasian pick-up truck market, valued at approximately US10 billion [3] - Vehicle type approvals (VTAs) ensure compliance with safety, environmental, and anti-theft standards, which are essential for the legal operation of vehicles on public roads [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on electric solutions for customized fleet applications and aims to provide turnkey decarbonization solutions [4] - Tembo specializes in 100% electric utility vehicles for ruggedized applications across various industries, including mining, agriculture, and government [5]