Blockchain Registration Transaction Record

VivoPower Secures Full US$10M Investment in Tembo from Emirates Investment Office

VivoPower secures a full US$10 million investment in Tembo from Emirates Investment Office, marking a significant milestone for sustainable energy solutions and electric utility vehicles in various industries.

The news is important as it signifies a significant financial milestone for VivoPower and its subsidiary, Tembo. The investment will enable Tembo to further develop its electric utility vehicles and expand its reach in various industries, contributing to the global shift towards sustainable energy solutions. Additionally, the strategic direct equity investment demonstrates the growing interest in sustainable energy solutions and the potential for significant growth in this sector.