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Tevva Motors

Early Stage Startup





Tagline

Electric Range Extended trucks
Zero emissions where it matters



Elevator Pitch

Electric Trucks meeting your operational needs

At Tevva, we have developed an electric range extended 7.5 ton truck for use by back to base fleets.

We believe passionately in creating a solution for fleet managers, a solution that supports operations and is economical, offering a lower lifetime cost of ownership versus a diesel vehicle.

Our truck offers all of the benefits of electric vehicles, meeting the environmental needs of modern legislation and social acceptance. We remove the operational risk created by pure electric vehicles with our range extender, allowing unlimited operational range.

Our proprietary technology manages smart use of the range extender to allow fleets to get the maximum use from the battery power, maximizing the low emission benefits and cost savings.

Product

7.5 tonne Electric HGV with predictive range extender. Range extender operation is linked to state of charge, route topography, local air quality and payload to optimise the use of range extender, battery range and battery life.



Why we are ecofriendly

At Tevva we understand that fleet operators have to fulfil the commercial, operational and environmental aspects of a modern fleet.

Tevva address each of these key features directly. Commercially we offer a lower total cost of ownership, operationally we provide a vehicle that can directly replace the equivalent diesel truck, and most importantly we address the environmental aspect.

Our truck mile for mile is greener than both a normal diesel vehicle and a pure electric vehicle. This is possible because unlike pure electric vehicles we can maximise the distance traveled on cheap clean grid energy everyday, whilst a pure electric can only be relied upon to do very low mileages every day. Therefore we are replacing 100 dirty diesel miles instead of just the 20 miles a pure electric is capable of replacing.

In addition the range extender is not operated in areas of poor air quality. When we do use the range extended it only operates at peak efficiency, with reduced emissions versus a normal diesel.

Latest News

Tevva Exhibit at the 2015 Low Carbon Vehicle show
September 2015

Tevva has received fantastic feed back from visitors to the UK's premier alternative vehicle technology show at Millbrook proving ground.

With over 2800 visitors over 2 days Tevva appealed and impressed visitors with the new build Tevva Truck and the Retro-fitted UPS truck that is going into service with UPS in the next 2 weeks.

pressroom.ups.com/pressroom...


Tevva on show at the Commercial Vehicle Show
April 2015

Tevva Motors fascinated operators and manufactures alike at this years CV show.

This event run over three days has launched Tevva firmly into the lime light
Reaction to Tevva at a show aimed at the traditional vehicle market was fantastic with positive response from everyone. We have repeatedly been asked for the launch date and when will the vehicles be available for purchase.
For more information about the vehicles please email info@tevva.com

To read about Tevva in the Commercial Motor Magazine go to link:

www.commercialmotor.com/lat...

Tevva on show at the Low Carbon Vehicle Partnership Reception held in the House March 2015

Tevva Motors won a coveted place at the Low Carbon Vehicle Partnership Reception held in the House of Commons.

This event continues the ground swell of exposure Tevva are generating with their new Electric Range Extended Truck. Tevva are creating jobs and industrial innovation that will keep the UK are the front of Electric and Range extended vehicle development in the UK.

Tevva Win Department for Transport NOx Mitigation Grant
January 2015

The DfT launched a £300,000 competition for upto 6 winners to devlop a fundamental research solution of the reduction of NOx emissions across the Urban and Strategic Road networks.

Tevva have been awarded £50,000 for the innovative remote control of a vehicles range extender is ensure NOx emissions are selectively targeted to avoid critical locations.

Tevva receive a double commendation at this years Rushlight awards.
January 2015

Tevva successfully made the finals of this years Rushlight Awards and where the only entrant to receive a double commendation.

Rushligh Events focus upon promoting the development and deployment of clean technologies and innovation.

October 2014

Teva Motors Ltd (“Teva”) receives first prototype trucks and have prepared them for build. The first build of these exciting Electic HGV's is to kick off 1st October.

September 2014

Teva Motors move to new offices in Brentwood

August 2014

Teva Motors Ltd (“Teva”) receive funding from the Energy Entrepreneurs Fund (Department of Energy and Climate change)

3rd September 2013

Carrs Coatings has agreed to buy three trucks from Teva’s initial production, and provide Teva with access to operational data to support future development of the technology

Teva Motors Ltd (“Teva”) is pleased to announce that Carrs Coatings Ltd (“Carrs”), a leading independent paints manufacturer and distributor, has committed to buy three of Teva’s initial production of trucks and to run them for a minimum of three years. Carrs will use the vehicles as part of its core distribution fleet servicing its various locations in the West Midlands.

Teva and Carrs have further agreed to collectively assemble real world fuel emissions data from the trucks and make it publicly available for analysis. This will support the future development of the trucks and contribute to the development of the technology.

Carr’s will initially test a prototype model for a few months in 2014, to allow input and feedback to improve the truck to be integrated into the production models. Payment for the truck is based on standard leasing terms, and Carrs will pay Teva what they would have paid as standard diesel fuel and maintenance costs with a 10% discount (the source for comparison during the period will be Carrs’ other diesel trucks). Carrs will benefit from a lower total cost of ownership than its current diesel trucks, and benefit from innovative technology and low emissions.

Commenting on the decision, David Roberts, the Chairman of Carrs, said “Carrs has a long history of innovation and recognises the need to adopt innovations in all areas of its business. Teva’s range-extended electric truck promises both reduced emissions andlower costs for our business”.

Asher Bennett, CEO of Teva, added “We welcome Carrs’ confidence in our product and our plans. Being based in the Midlands, they clearly see the importance of transport innovations for their business and the broader business environment”.

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Version History

2015-09-28 08:30:01 - changed capitalraised to '£120k seed round March 2013 £780k in grant finance secured from DECC for prototype development £1.5m Series A...'

2015-09-28 08:29:42 - changed investors to 'Angel co fund Yajillara fund'

2015-09-17 13:42:43 - changed fundraising to '£6m Series B fundraise closing November 2015, with £5m EIS head room '

2015-09-17 13:42:35 - changed capitalraised to '£120k seed round March 2013 £780k in grant finance secured from DECC for prototype development £1.5m Series A...'

2015-09-17 10:45:15 - changed ecopitch to 'At Tevva we understand that fleet operators have to fulfil the commercial, operational and environmental aspects of a...'



Website



Fundraising

£6m Series B fundraise closing November 2015, with £5m EIS head room

Capital Raised

£120k seed round March 2013
£780k in grant finance secured from DECC for prototype development
£1.5m Series A completed September 2014 at post money £4.05m valuation

Grants Raised

2

Employees

11

Investors

Angel co fund
Yajillara fund

Customers

UPS
Carrs Coatings






Country of Origin

UK

Founded

2013

Twitter


Facebook


Team

Richard Lidstone-Scott -
Richard Lidstone-Scott - Business Project Manager

Asher Bennett - CEO and Founder

Contact Person

Richard Lidstone-Scott
richard@tevva.com

Headquarter

Teva Motors Ltd
12 Tallon Road
Brentwood
CM13 1TF