VivoPower's Tembo Signs Definitive Heads of Agreement with East Africa’s Leading Vehicle Assembler, Associated Vehicle Assemblers Ltd (AVA)

Core Points - VivoPower's subsidiary, Tembo e-LV, has signed a 5-year agreement with Associated Vehicle Assemblers Ltd. (AVA) to convert 200 vehicles in the first year and 1,600 over five years [1] - The agreement covers East African nations including Kenya and Tanzania, which have a combined population exceeding 500 million [2][3] - AVA will distribute and locally assemble Tembo's 100% electric utility vehicle (EUV) solutions for various sectors, enhancing local maintenance and support capabilities [3][4] - The partnership aims to support Kenya's transition to sustainable transportation and create value and jobs in local economies [4] - Demand for electric vehicles is accelerating in East Africa, driven by both government and private sector interest [5] - Tembo's strategy to reduce costs while maintaining quality has led to increased interest in their next-generation EUV25 electric conversion kits [5] - VivoPower aims to build partnerships with established leaders in their markets to deliver electrification solutions [5] Company Overview - VivoPower is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [6] - Tembo provides 100% electric utility vehicles for ruggedized applications across various industries, aiming to support fleet owners in achieving ESG goals [7] - AVA is East Africa's leading vehicle assembler, known for producing high-quality vehicles tailored to regional needs and committed to sustainability [8]