LONDON: VivoPower International PLC and its wholly-owned subsidiary, Tembo e-LV B.V, have entered into a deal with Energy Trading Company (ETC) Mauritius to sell, distribute and market Tembo electrification conversion kits for Toyota 4x4 second-hand vehicles in Kenya.
Under the agreement, ETC Mauritius would sell a minimum of 4,000 Tembo e-LV conversion kits from the day of the agreement until DEc 2027.
ETC Mauritius will be responsible for acquiring Toyota second-hand vehicles, converting the vehicles to ruggedised e-LVs using Tembo solutions, selling the units to end-customers and providing after-sale servicing and maintenance with support from Tembo.
This agreement marks VivoPower’s largest distribution deal to date for Tembo e-LV conversion kits. Sectors where the Tembo e-LVs will be used are wide-ranging, including government services, agriculture, tourism and mining.
VivoPower is also entering the second-hand vehicle market, which represents a considerably larger addressable market than that for conversion of new vehicles and allows for on-road applications of its e-LV kit.
Tembo’s conversion kits transform diesel-powered Toyota Land Cruiser and Hilux vehicles into ruggedised electric light vehicles for use in mining and other hard-to-decarbonise sectors.
Tembo e-LV products are a key component of VivoPower’s turnkey net-zero solutions to help both government and companies accelerate towards their decarbonisation goals.
"This partnership is a landmark milestone for Tembo e-LV on two fronts: it represents our single largest commitment of future orders for Tembo e-LV conversion kits at all levels within a single country and importantly it heralds our entry into the second-hand vehicle repowering market, which effectively multiplies our total addressable market," said VivoPower executive chairman and CEO Kevin Chin.
Total addressable market for second -hand vehicle repowering estimated to be worth US$110 billion (RM519bil).
