VivoPower Announces Definitive Distribution Agreement In Ghana For 2,500 Tembo EUVs Kits Over The Next 5-Years
Portfolio Pulse from Happy Mohamed
VivoPower International PLC (VVPR) has signed a definitive agreement with Fourche Maline Ltd to market, distribute, and service Tembo-powered electric utility vehicles (EUV) across Ghana. Fourche Maline has committed to sell 2,500 Tembo EUV conversion kits over the next 5 years.
June 27, 2023 | 1:04 pm
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POSITIVE IMPACT
VivoPower's agreement with Fourche Maline to sell 2,500 Tembo EUV kits in Ghana over the next 5 years could boost the company's revenues and presence in the African market.
The agreement with Fourche Maline will help VivoPower expand its presence in the African market, particularly in Ghana, which is a major gold producer and has a growing interest in electric vehicles. The commitment to sell 2,500 Tembo EUV kits over the next 5 years could lead to increased revenues for VivoPower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100