Tevva Motors

The company engineers both fully battery-electric trucks (BEV) and hydrogen-electric trucks, which utilize a hydrogen fuel cell as a range extender to recharge the battery. This dual-energy approach is designed to overcome range anxiety, a significant barrier to the adoption of electric trucks in the logistics industry. Tevva’s 7.5-tonne battery-electric model offers a range of up to 227 km, while the hydrogen-electric version extends this to 440 km. The business model centers on selling these vehicles directly to fleet operators, with clients including Royal Mail, Travis Perkins, and Kinaxia Logistics. By focusing on achieving total cost of ownership (TCO) parity with traditional diesel trucks through reduced maintenance and fuel costs, Tevva aims to make electric trucks a financially viable choice for businesses.

Significant milestones for Tevva included securing European Community Whole Vehicle Type Approval for its 7.5-tonne electric truck, enabling sales across Europe. The company began series production and initial customer deliveries from its facility in Tilbury, Essex, in late 2022. Over its lifetime, Tevva raised approximately $173 million from investors, including Bharat Forge and the Advanced Propulsion Centre UK. However, the company faced significant financial challenges, exacerbated by a collapsed merger with ElectraMeccanica in late 2023. Despite customer interest, these difficulties led Tevva to file for administration in May 2024, and by June 2024, administrators were appointed to manage the company's affairs while seeking a potential buyer. As of August 2024, the company's assets were being liquidated.