INTELLIGENT BRANDS // Green Technology
Tevva Motors eyes
global expansion after
investment boost
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T
he UK’s vanguard electric truck
manufacturer has welcomed a
£10 million investment by Bharat
Forge Limited (BFL), a technology-driven
Indian metal forming multinational,
which will spearhead its global expansion
ambitions and create further jobs and
investment at its Chelmsford, Essex plant.
The pioneering automotive firm, founded by
Asher Bennett, CEO, Tevva produces electric
trucks in the 7.5 tonne to 14 tonne range,
many of which are ‘range-extended’.
A range-extended Tevva truck combines
unlimited range from an on-board generator
with sophisticated patented software to
ensure minimum emissions in low emission
zones and city centres. The company
www.intelligentcio.com
designs and builds entirely in the UK at
present. The company was established just
over four years ago, with start-up capital
from individual investors and a cornerstone
investment from Angel CoFund, part of the
government-owned British Business Bank.
Tevva’s products have been successfully
developed and trialled with a major operator
since 2015 and the first commercial truck
deliveries will happen later this year.
Bharat Forge, part of the Kalyani Group, a
conglomerate with multi-sectoral interests,
has been working on its research, design
and technology strategy in the Electric
Vehicle space over the last few years.
Tevva will strengthen BFL’s research and
development activities in the e-mobility
space. Tevva has licensed its technology
to BFL for the Indian market, giving Tevva
unprecedented access to the massive
Indian truck market. Edward Hyams, Tevva
Motors Chairman, welcomed the investment
from BFL: “We are delighted that BFL
has decided to make this major strategic
investment in Tevva to support the next
phase of our expansion. This new funding
will enable us to scale up our operations in
the UK and get more electric trucks on the
roads, helping to meet the needs of zero
emission zones in cities such as London and
Leeds, as well as internationally.”
The Chairman of the Kalyani Group, Baba
Kalyani, hailed the investment as a leader
in its field. “This will bring very focused and
state-of-the-art EV powertrain solutions to
our customers in India and worldwide.” n
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