About Tevva
Tevva is a Transportation, Automotive & Logistics company based in Chelmsford (United Kingdom) founded in 2013 by Moria Bennett. It operates as an electric and hydrogen trucks are designed and manufactured by Tevva. Tevva has raised $173.21 million across 6 funding rounds from investors including Bharat Forge and Advanced Propulsion Centre UK. The company has 67 employees. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Commercial Vehicles. Its legal entity is TEVVA MOTORS LIMITED. Its competitors include Arrival, Volta Trucks, Oxa, Conigital and Bradshaw and 2 more; 4 of its 7 listed competitors have raised funding.
Company details
Tevva was founded in 2013 in Chelmsford, United Kingdom, focusing on the automotive sector. Electric and hydrogen trucks are designed and developed by the company, with operations centered on integrating advanced technologies such as dual motor systems and electronic braking systems. Vehicles are produced for commercial use, emphasizing sustainable transport solutions in the heavy-duty market. Leadership includes co-founder Moria Bennett.
- Annual Revenue$483.91 K (USD)-68as on Dec 31, 2020
- Net Profit-$6.12 M (USD)39as on Dec 31, 2020
- EBITDA-$6.1 M (USD)39as on Dec 31, 2020
- Total Equity Funding$173.21M (USD)
in 6 rounds
- Latest Funding Round$52.16M (USD), Series B
May 2022
- InvestorsBharat Forge
& 1 more
- Employee Count67
Funding Insights of Tevva
Tevva has successfully raised a total of $173.21M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $52.16 million completed in May 2022. 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 $173.21M
- Total Rounds 6
- Last Round Series B — $52.16M
- First Round $13.39M
(Jun 2018)
- Investors Count 2
All 6 funding rounds of Tevva with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $52.16M | Series B | – | – | – |
| Nov 2021 | $57M | Series B | – | – | – |
| Oct 2021 | $5.69M | Grant | – | – | |
| Aug 2021 | $38.17M | Series B | – | – | – |
| Feb 2021 | $12.5M | Series A | – | – | – |
| Jun 2018 | $13.39M | Series A | – | Bharat Forge | – |
2 investors in total: 2 institutional.
Investors in Tevva
Tevva has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Bharat Forge and Advanced Propulsion Centre UK.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is directed toward technology sectors by this firm. | – | apcuk.co.uk | Coventry, United Kingdom | |
Technology-enabled automotive tools, forging, and machining materials are manufactured. | 1961 | bharatforge.com | Pune, India |
Investor details for Tevva
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People of Tevva
12 people are tracked at Tevva (4 in leadership, 4 in board & advisors, 4 in team); the tracked headcount is 67.
| Name | Role | Group |
|---|---|---|
Moria Bennett | Co-Founder | Leadership |
Asher Bennett | CEO & Founder | Leadership |
Peter Domeney | Chief Operating Officer | Leadership |
Kelly Court | Senior Executive Assistant To CEO Asher Bennett | Leadership |
Sanjeev Kulkarni | Director | Board & advisors |
David Morris | Director | Board & advisors |
David Roberts | Non-Executive Director | Board & advisors |
Ian Harnett | Chairman | Board & advisors |
Martin Spackman | Quality & Compliance Manager | Team |
Daniel Turner | Sales Operations Manager | Team |
David Lewis | Diagnostics Manager | Team |
Mohammed Pervez | Programme Manager | Team |
Complete people profiles for Tevva
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Timeline of Tevva
3 dated milestones of Tevva across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Tevva is founded.
- Funding First funding round of $13.4M.
- Funding Latest funding round, Series B, of $52.2M.
Competitors of Tevva
Tevva has 7 listed competitors in our database, 4 of them funded. They include Arrival, Volta Trucks, Oxa, Conigital and Bradshaw, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| arrival.com | 2015 | London, United Kingdom | $111.41M | 495 | Multi-category commercial electric vehicles, including buses and vans, are manufactured. | |
| voltatrucks.com | 2019 | Stockholm, Sweden | $386.04M | – | Electric trucks with sustainable features are developed by Volta Trucks. | |
| oxa.tech | 2014 | Oxford, United Kingdom | $245.54M | 316 | Online platform offering autonomy software for self-driving vehicles | |
| conigital.org | 2015 | Birmingham, United Kingdom | $625.24M | – | AI-enabled platforms for autonomous vehicles and mobility management are provided. | |
| bradshawev.com | 1975 | Peterborough, United Kingdom | – | 63 | Commercial electric vehicles are manufactured for diverse sectors. | |
| levc.com | 1919 | Coventry, United Kingdom | – | – | Produces electric taxis, vans, and MPVs for eco-friendly city transport. | |
| tvisimotors.com | 2020 | Coventry, United Kingdom | – | – | Develops hydrogen-powered light commercial vehicles for zero-emission transport. |
Detailed competitors of Tevva
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Tevva (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Frequently Asked Questions about Tevva
Tevva was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Tevva is headquartered in Chelmsford, United Kingdom. It is registered at Chelmsford, England, United Kingdom.
Tevva is a funded company, having raised a total of $173.21M across 6 funding rounds to date. The company's 1st funding round was a Series A of $13.39M, raised on Jun 2018.
Tevva has 67 employees.
Annual revenue of Tevva is $483.91K as on Dec 31, 2020.
Tevva was founded in 2013 in Chelmsford, United Kingdom, focusing on the automotive sector. Electric and hydrogen trucks are designed and developed by the company, with operations centered on integrating advanced technologies such as dual motor systems and electronic braking systems. Vehicles are produced for commercial use, emphasizing sustainable transport solutions in the heavy-duty market. Leadership includes co-founder Moria Bennett.
Tevva has 2 investors. Key investors include Bharat Forge, and Advanced Propulsion Centre UK.
Tevva operates through Tevva Motors Limited.