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British electrical truck startup Tevva raises $57 million in funding, Auto Information, Automobilnews – Information by Automobilnews.eu

British electrical truck startup Tevva raises $57 million in funding, Auto Information, Automobilnews


Tevva has now raised greater than $90 million.

By Nick CareyLONDON: British electrical truck startup Tevva mentioned on Tuesday it had raised $57 million in its newest funding spherical to ramp up manufacturing at its new London plant and ship its first autos to prospects by the tip of 2022.

Tevva has now raised greater than $90 million.

The British truck maker could have two zero-emission 7.5 tonne (7,500 kg) fashions obtainable for purchasers – a battery electrical mannequin with a spread of 160 miles (257 km), and an electrical truck with a small reserve hydrogen gas cell to spice up its vary to 310 miles if wanted. Tevva Chief Govt Asher Bennett instructed Reuters the backup hydrogen gas cell would supply prospects with larger flexibility within the occasion any of their vehicles have to journey additional.

As hydrogen fuelling infrastructure continues to be in its infancy, Tevva can present the gas as a service to prospects.

Bennett instructed Reuters the corporate anticipated most prospects would go for the reserve hydrogen gas cell as a result of they had been cautious of the restricted vary of a pure electrical mannequin.

“We perceive how the truck world operates and the large threat of that vary restrict is simply too tough for lots of corporations to beat,” he mentioned.

Dealing with looming fossil-fuel automobile bans, truck fleets are on the lookout for viable zero-emission choices to ship items to companies and shoppers.

UPS, the world’s largest package deal supply firm, is at present utilizing 15 check mannequin vehicles from Tevva.

Tevva intends to supply a number of hundred vehicles by the tip of 2022 and targets manufacturing of three,000 vehicles yearly by 2023.

Bennett mentioned the corporate deliberate a sequence of small factories to make vehicles near prospects. As soon as Tevva’s London plant is working at scale, he mentioned the corporate would have a look at additional websites in North America and the European Union.

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British electrical truck startup Tevva raises $57 million in funding, Auto Information, Automobilnews – Information by Automobilnews.eu
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