• Target

    £7,000,000

  • Type

    Equity

  • Close Date

    Mar 30 2016

  • Status

    Closed

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme.
Please read FULL risk warning.

Tevva Motors Ltd

A new generation of electric range-extended delivery trucks which cost less to operate than diesels, with much lower emissions

Tevva logo

Investment closes only once the total pledged amount passes the minimum of £5,000,000

Total Pledged: £0
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£7,000,000

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Overview

Tevva has developed a hybrid truck powered by batteries and driven by an electric motor. The company is specifically targeting the back-to-base delivery market and fleet operators. Electric range-extended electric trucks are ideally suited to meeting these customers’ needs: unrestricted range, lower total cost of ownership (‘TCO’) than diesels, improved environmental performance and ‘green’ credentials. In a range-extended vehicle, the batteries are plugged in to charge overnight. A small on-board diesel engine drives a generator (the range extender) that can supplement the power to the electric motor while the vehicle is travelling.

Deal Manager avatar

Deal Manager
Simon Harris

  • Sector: Manufacturing and Distribution
  • Region: UK: London
  • Stage: Early stage - early revenues, pre-profit
  • Eligible Tax: EIS
  • Board Requirement: Board In Place
  • Pre Money Valuation: £14,000,000
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