Vivopower is a B corporation comprised of J.A. Martin Electrical and Kenshaw Electrical. Originally from Australia, they now also have operation in Europe and North America. They recently acquired Tembo e-LV, a company
converting conventional vehicle into EVs.
Current LOI and MSA for Tembo e-LV conversion kits
Tottenham Spurs partnership
"VivoPower might supply a large, solid state battery with capacity of more than 3 MW at the stadium to balance and guarantee the venue’s power supply, including rooftop solar panels, battery storage, custom microgrid controls and electrical infrastructure."
Analyst coverage
Subsidiaries
More about Tembo E-LV.
"Using the Toyota 70-series & the Toyota Hilux as a base vehicle, the Tembo e-LV electric drivetrain replaces the engine, gearbox and all auxiliary parts. Instead of the engine you will find an electric motor and an inverter, instead of fuel lines and a diesel tank there are electric connectors and battery packs. The new drivetrain is a completely sealed and waterproof"
More about Kenshaw Electrical. (now Aevitas)
"We provide reliable specialist services in the areas of electric motors, generators and non-destructive testing (NDT). Our capabilities and experience include the design, manufacture, installation, commissioning, repair, testing and service (whether routine or emergency) of business critical power generation and electric motor products including a fully fitted workshop with skilled mechanical and electrical staff."
More about J.A. Martin Electrical. (now Aevitas)
"J.A. Martin serviced almost 250 customers in the fiscal year ended 30 June 2020 across a diverse range of industries, including solar farms, grain handling and agriculture, water and gas utilities, cotton gins, commercial buildings, mining, marine and rail infrastructure."
More about Caret.
Formerly Innovative Solar Systems, caret is the result of a litigious story, read here. They announced a possible spinoff of 206MW from their solar portfolio with a new entity, Caret Decimal. This company would be focusing on cryptocurrency mining.
Growth drivers
With more than 35,000 mines across the globe, there is a single mine in the world that his 100% electric, as far as we know. It's in Canada, the Borden gold mine. But there is a multitude of pilot projects going on in the world right now as we can see at the annual Electric mine summit, there is competition but lots of opportunities. One can anticipate that one day every underground mines in the world will be running 100% electric vehicles, simply because the ventilation savings make it cost-efficient. But even before the environment, and savings, comes the health of the workers. According to BDO, this push will come from the financiers of new mines and potentially from government bodies too, who may even choose to ban diesel machines from new underground mines because of the health issues. Diesel fumes are as toxic as mustard gas, asbestos and arsenic. One can speculate that Vivopower is a first mover and the TAM is in the billions.