About Tembo
Tembo is a company based in Eindhoven (Netherlands) founded in 2014 was acquired by Energy Holding Limited in August 2025. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Tembo has raised $10 million across 1 funding round from investors including VivoPower, Emirates Investment Authority and Energy Holding Limited. Tembo offers products and services including Tembo EUV, Tembo PUV (Jeepneys), Tembo Tusker, and Tembo Academy. Tembo operates in a competitive market with competitors including ULEMCo, pepper motion, ZEVx, Boson Motors and Revoy, among others.
- Headquarter Eindhoven, Netherlands
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Tembo E-Lv Bv
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Apr 09, 2024
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Investors
VivoPower
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Tembo
Tembo offers a comprehensive portfolio of products and services, including Tembo EUV, Tembo PUV (Jeepneys), Tembo Tusker, and Tembo Academy. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric vehicles are designed for rugged off-road applications.
Electric jeepneys are built for sustainable public transport.
Robust electric vehicles are made for demanding terrains.
Training services are provided for electric vehicle operations.
Funding Insights of Tembo
Tembo has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.0M
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First Round
First Round
(09 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Tembo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tembo
Tembo has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include VivoPower, Emirates Investment Authority and Energy Holding Limited. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Manages and invests in diversified portfolios for UAE's long-term prosperity.
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Solar PV systems are installed for commercial and industrial clients.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Tembo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tembo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tembo Comparisons
Competitors of Tembo
Tembo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ULEMCo, pepper motion, ZEVx, Boson Motors and Revoy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks.
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| domain | founded_year | HQ Location |
Electric conversion kits for commercial vehicles are provided.
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| domain | founded_year | HQ Location |
Fleet electrification solutions for mid-duty vehicles are provided.
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| domain | founded_year | HQ Location |
Smart electric commercial vehicles are manufactured by Boson Motors.
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| domain | founded_year | HQ Location |
Manufacturer of electric trucks
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tembo
Frequently Asked Questions about Tembo
When was Tembo founded?
Tembo was founded in 2014 and raised its 1st funding round 10 years after it was founded.
Where is Tembo located?
Tembo is headquartered in Eindhoven, Netherlands. It is registered at Eindhoven, Noord-brabant, Netherlands.
Is Tembo a funded company?
Tembo is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Apr 09, 2024.
What does Tembo do?
Tembo is established as a global leader in providing electric utility vehicles for off-road and ruggedized on-road applications. Solutions are offered for fleet owners in sectors such as mining, agriculture, energy utilities, defense, public transport, and humanitarian services. Fleet conversion or replacement with fully electric models is facilitated to support decarbonization efforts. Operations are conducted worldwide with partners in Asia, Australia, Africa, the Middle East, Europe, and North America. High-performance vehicles meeting stringent safety and quality standards are delivered for the most demanding outdoor environments.
Who are the top competitors of Tembo?
Tembo's top competitors include ULEMCo, Boson Motors and pepper motion.
What products or services does Tembo offer?
Tembo offers Tembo EUV, Tembo PUV (Jeepneys), Tembo Tusker, and Tembo Academy.
Who are Tembo's investors?
Tembo has 3 investors. Key investors include VivoPower, Emirates Investment Authority, and Energy Holding Limited.
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