Arctic Trucks signs electric light vehicle conversion, distribution pact with VivoPower
VivoPower and its wholly-owned subsidiary, Tembo e-LV BV, have entered into a non-binding Heads of Terms with ruggedised vehicle converter, Arctic Trucks, for Arctic Trucks to convert and distribute Tembo electric light vehicles in Norway, Sweden, Iceland and Finland. Under the proposed agreement, Arctic Trucks would commit to purchase 800 Tembo e-LV conversion kits through December 2026. Based upon the company’s estimates, these orders could be worth an estimated $58 million in total value over the life of the proposed agreement. The proposed agreement must be finalised prior to June…
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