The TEV75 was a 7.5-tonne battery-electric truck designed specifically for urban delivery cycles, powered by a 105 kWh battery with a range of up to 227 km on a single charge. The company invested heavily in developing a hydrogen range-extender platform — essentially a system that would pair a hydrogen fuel cell with an electric drivetrain to dramatically extend the range of its trucks beyond what a battery alone could offer.
Cyborg Score Rationale
The company faced significant financial challenges, exacerbated by a collapsed merger with ElectraMeccanica in late 2023, which 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. The company is no longer operating as an active concern.
Top Insights
Over its lifetime, Tevva raised approximately $173 million from investors, including Bharat Forge and the Advanced Propulsion Centre UK.
The company began series production and initial customer deliveries from its facility in Tilbury, Essex, in late 2022.
Significant milestones for Tevva included securing European Community Whole Vehicle Type Approval for its 7.5-tonne electric truck, enabling sales across Europe.
Tevva's plant, machinery and stock were being sold off by August 2024; the company received interest from two potential buyers, but neither rescue deal came to fruition.
Named Competitors
eSprinter / eActros — Electric medium-duty commercial vehicles
LCV Electric — Electric commercial truck solutions
Volta Zero — Electric 16-tonne truck for urban logistics
Arrival Van — Electric commercial vehicles
Recent Developments
(May 2024) Filed for bankruptcy and entered administration
(June 2024) Administrators appointed to manage company affairs
(August 2024) Plant, machinery and stock liquidated