VVPR is an exciting NASDAQ-traded EV small-cap stock to not look over!
Greetings Investors,
Electric vehicles are anticipated to take over the world one day. The rise in their sales is traced to the many benefits they offer the environment. Did you know that on average, an electric vehicle produces about half the greenhouse gas emissions of an equivalent gas or diesel vehicle throughout its lifetime?
While big players like Tesla dominate the headlines with its Cybertruck, other companies aim to be at the forefront of this rising market in unique ways. And the industry doesn’t stop at just passenger vehicles. Imagine just how many other types of transportation could benefit from going electric!
With that said, hurry and add VivoPower International PLC (NASDAQ: VVPR) to your watch list!
VVPR trades a little under $2 and may be one of the most exciting underfollowed NASDAQ-traded companies in the EV revolution.
The company’s narrative is so promising that its Executive Chairman and CEO, Kevin Chin, announced in May that he was increasing his shareholding in VVPR to 100,000 shares!
Who is VVPR?
VivoPower (VVPR) is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery, and microgrids solutions.
The Company’s core purpose is to provide its customers with turnkey decarbonization 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.
What makes VVPR especially stand out?
The Company’s Electric Utility Vehicle Subsidiary – Tembo!
VVPR’s electric vehicle subsidiary is Tembo e-LV B.V. (“Tembo”).
Tembo electric utility vehicles (EUVs) are the premier 100% electric solution for ruggedized and/or customized applications for fleet owners in the mining, agriculture, energy utilities, defense, police, construction, infrastructure, government, humanitarian, and game safari industries.
Tembo provides safe, high-performance off-road and on-road electric utility vehicles that meet exacting standards of safety, reliability, and quality. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners globally, helping perpetuate useful life, reduce costs, maximize return on assets, meet ESG goals, and activate the circular economy.
CCTS has $25m of cash on its balance sheet, as of its last quarterly filing.
VivoPower shareholders on the final record date will receive 5 Tembo Group shares for each 1 VivoPower share held.
Tembo Milestones
Over the past 18 months, Tembo has diligently worked towards establishing a robust supply chain across Asia, including securing best-in-class partners in the Philippines, Thailand, China and India, accelerating the ability to serve diverse markets globally.
The establishment of this supply chain has enabled Tembo to procure, evaluate, and now introduce a fully electric OEM pickup utility vehicle. The base model has a range of 330 kilometres, as well as a payload capacity of 1 tonne, and an unbraked towing capacity of 750 kilograms. The inaugural shipment of EU-certified and rigorously tested vehicles have already arrived in Australia. This initial order is being prepared for delivery to partners and customers, with full on-road homologation expected to be granted by July 2024! THIS IS AROUND THE CORNER!
The Tembo OEM program will augment the Tembo EUV conversion program, 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, Tembo 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 solutions to meet the diverse requirements of its global customer base.
Company Highlights:
Groundbreaking 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
VivoPower’s Executive Chairman and CEO, Kevin Chin said “The establishment of our strategic supply chain is the culmination of 18 months of extensive engagement to build and fortify relationships with best-in-class partners across Asia.”
Big News
VVPR announced earlier this month that Tembo has secured its first 50 committed orders for the Tembo Tusker, its full electric pickup utility vehicle!
Tembo has an initial commitment of 50 orders worth an estimated US$2.5m!!
The Tembo Tuskers come in both left-hand and right-hand configurations, with single and dual cab options available. They have a base range of 330 kilometres (with the option to extend to 1,000 kilometres), as well as a payload capacity of 1 tonne, and an unbraked towing capacity of 750 kilograms. Importantly they are priced at 15% below other comparable electric utility vehicles in the launch markets of Australia and New Zealand.
The initial order of Tembo Tuskers is being prepared for delivery to partners and customers in Australia, with full on-road homologation expected to be granted by July 2024.
The Tembo Tusker range will augment the Tembo conversion programs, 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, Tembo 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 solutions to meet the diverse requirements of its global customer base.
The Tembo Tuskers are accelerating VVPR’s pathway to delivering purpose-driven sustainable energy solutions to electrify B2B fleets, encompassing aftermarket solutions, charging, digital twins, software, and data analytics, aligning with evolving market dynamics and regulatory frameworks.
In summary…
EVs offer a direct way for everyday people and companies to reduce their carbon footprint. Allocating a portion of your portfolio to EV-related companies may help the world’s mission to zero-emissions vehicles and potentially boost your portfolio’s returns.
VVPR should be at the top of your radar! The company is generating sustainable energy solutions to help its customers and the planet and in particular, is standing out because of its subsidiary Tembo.
There have been a lot of positive developments surrounding Tembo that we encourage you to read over!