Orders pursuant to Tembo’s beforehand introduced three way partnership with Francisco Motors

Established in 1947, Francisco Motor Company is the unique pioneering jeepney producer

Whole addressable market to affect 200,000 current jeepneys estimated to be value US$10bn+

Tembo E-LV, a subsidiary of the NASDAQ listed B Corp, VivoPower, introduced at the moment that, pursuant to its definitive three way partnership settlement with Francisco Motor Company, it has been suggested by Francisco Motors of a complete of 1,300 order commitments obtained from a number of main jeepney co-operatives within the Philippines, together with Laguna, First Isabela, Progressive, and Cazanova.

Elmer Francisco, Chairman of Francisco Motors, mentioned: “We’re excited to have procured 1,300 order commitments value an estimated US$30 million from main jeepney co-operatives which have paid or dedicated to paying non-refundable deposits to safe their slots for the meeting of e-jeepneys that we’re constructing with the help of our accomplice, Tembo. Our shared objective of eager to revive the Philippines jeepney business in an environmentally pleasant and sustainable method, enhance livelihoods, and create jobs for native Filipinos is a elementary driver of what we see as a permanent long-term relationship between our clients, E-Francisco Motors in addition to Tembo.”

About VivoPower

VivoPower is an award-winning international sustainable vitality options B Company firm centered on electrical options for customised and ruggedised fleet functions, battery and microgrids, photo voltaic and significant energy expertise, and providers. The Firm’s core objective is to offer its clients with turnkey decarbonisation options that allow them to maneuver towards net-zero carbon standing. VivoPower has operations and personnel in Australia, Canada, the Netherlands, the UK, the USA, the Philippines, and the United Arab Emirates.

For the total model of the article, go to the VivoPower Press Releases web page.

About Tembo

Tembo electrical utility autos (EUVs) are the premier 100% electrical resolution for ruggedised and/or customised functions for fleet homeowners within the mining, agriculture, vitality utilities, defence, police, authorities, humanitarian, and sport safari industries. Tembo offers secure, high-performance off-road and on-road electrical utility autos that meet exacting requirements of security, reliability, and high quality. Its core objective is to offer secure and dependable electrification options for utility automobile fleet homeowners -globally, serving to perpetuate helpful life, cut back prices, maximise return on belongings, meet ESG objectives, and activate the round economic system. Tembo is a subsidiary of the NASDAQ-listed B Company, VivoPower Worldwide PLC.

About Francisco Motors

Based in 1947, Francisco Motors is the pioneering creator and producer of the jeepney within the Philippines. Headquartered in Manila within the Philippines, Francisco Motors is main the transition from manufacturing conventional diesel-powered jeepneys to trendy electrical jeepneys to assist the Philippines in transitioning to cleaner modes of public transportation.

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Contact

Shareholder Enquiriesshareholders@vivopower.com

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