Tevva announces merger with ElectraMeccanica
Electric vehicle designer ElectraMeccanica and commercial EV manufacturer Tevva have announced a definitive agreement to merge.
The boards of both companies unanimously approved the deal, which is intended to accelerate their combined ability to capitalise on the growing commercial electric truck market.
Tevva’s existing 110,000 sqf EV manufacturing facility in Tilbury will complement ElectraMeccanica’s recently-commissioned 235,000 sqft facility in Mesa, Arizona.
David Roberts, current director of Tevva, said, “Since Tevva’s founding more than 10 years ago, we have focused our engineering and product development capabilities on developing a portfolio of zero-emission commercial vehicles that have generated significant customer interest. Our vehicles have undertaken more than 300,000 miles of testing and operating experience in real-world conditions by demanding fleet operators. We are excited to merge with ElectraMeccanica and accelerate the growth of the combined company.”
Susan Docherty, CEO of ElectraMeccanica, added: “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.”
