Tevva and ElectraMeccanica Announce Proposed Merger
Tevva does technology because it matters and makes a difference to humanity.
Merger in the News
Unpacking Tevva’s Unique Dual-Energy Solution
Tevva’s peers are developing zero-emission solutions that are either completely battery-electric or pure hydrogen.
Tevva’s dual-energy approach eliminates range anxiety prominent among electric fleet operates, and increases range, payload and energy efficiency.
Tevva is a Pioneer in Zero-Emission Medium- and Heavy-Duty Commercial Vehicles
300,000 miles tested with leading publicly traded delivery companies
Three Reasons to Support Our Proposed Merger
Accelerates Ability to Commercialize Electrification of Key Segment of Trucking Market
Tevva brings a substantial first-mover advantage, as an early pioneer in a rapidly electrifying industry. With ElectraMeccanica’s platform, team, and assets, the combined company is expected to accelerate the commercialization of critical products in under-penetrated markets: electrified medium- and heavy-duty trucks.
Unique Market Opportunity
The commercial truck market is ripe for disruption and decarbonization, currently under-penetrated relative to passenger vehicles. The proposed merger is expected to bring a large and growing market opportunity, with multiple tailwinds and proven demand.
Innovative Proprietary Technology
Tevva’s dual-energy system provides an innovative solution for enhancing the range of battery electric vehicles. Tevva supports its current product with a unique and 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.