Teeva and ElectraMeccanica announce proposed merger 17 August 2023

Electric vehicle designer ElectraMeccanica and Tevva have proposed a merger agreement in a move to develop commercial electric trucks.

Tevva recently commenced deliveries of its 7.5 tonne battery-electric truck to commercial fleet customers focused on urban delivery. Tevva supports its current product with a purpose-built, commercial-grade electric battery system, and its future product portfolio is being developed to include a proprietary hydrogen range-extender technology, which delivers a differentiated and sustainable dual-energy solution. Tevva’s existing 110,000-square-foot EV manufacturing facility in Tilbury, United Kingdom, would be complemented by ElectraMeccanica's recently-commissioned 235,000-square-foot facility in Mesa, Arizona, which is expected to enable the combined company to scale its production to serve the U.K., European and US markets.

ElectraMeccanica CEO Susan Docherty said: “We believe this is the right time and Tevva is the right partner with which to pivot from consumer vehicles to commercial vehicles and respond to commercial fleet customer demand for superior, reliable and cost-efficient trucks.”

Author
Transport Engineer

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