About Tevva
Tevva is a company based in Chelmsford (United Kingdom) founded in 2013 by Moria Bennett.. 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 as of December 31, 2020. Tevva operates in a competitive market with competitors including Arrival, Volta Trucks, Oxa, Conigital and Bradshaw, among others.
- Headquarter Chelmsford, United Kingdom
- Employees 67 as on 31 Dec, 2020
- Founders Moria Bennett
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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
*********
- Legal Name Tevva Motors Limited
- Date of Incorporation 21 Jan, 2013
- Jurisdiction TILBURY, ESSEX, ENGLAND
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Annual Revenue
$483.91 K (USD)-68as on Dec 31, 2020
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Net Profit
$-6.12 M (USD)39as on Dec 31, 2020
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EBITDA
$-6.1 M (USD)39as on Dec 31, 2020
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Total Equity Funding
$173.21 M (USD)
in 6 rounds
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Latest Funding Round
$52.16 M (USD), Series B
May 12, 2022
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Investors
Bharat Forge
& 1 more
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Employee Count
67
as on Dec 31, 2020
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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 Total Funding
- Total Rounds 6
- Last Round Series B — $52.2M
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First Round
First Round
(12 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - Tevva | Valuation |
investors |
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| Nov, 2021 | Amount | Series B - Tevva | Valuation |
investors |
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| Oct, 2021 | Amount | Grant - Tevva | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 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. 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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Venture capital is directed toward technology sectors by this firm.
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Founded Year | Domain | Location | |
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Technology-enabled automotive tools, forging, and machining materials are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tevva
| 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 - Tevva
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Tevva Comparisons
Competitors of Tevva
Tevva 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 Arrival, Volta Trucks, Oxa, Conigital and Bradshaw, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category commercial electric vehicles, including buses and vans, are manufactured.
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| domain | founded_year | HQ Location |
Electric trucks with sustainable features are developed by Volta Trucks.
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| domain | founded_year | HQ Location |
Online platform offering autonomy software for self-driving vehicles
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| domain | founded_year | HQ Location |
AI-enabled platforms for autonomous vehicles and mobility management are provided.
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| domain | founded_year | HQ Location |
Commercial electric vehicles are manufactured for diverse sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Tevva
Frequently Asked Questions about Tevva
When was Tevva founded?
Tevva was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is Tevva located?
Tevva is headquartered in Chelmsford, United Kingdom. It is registered at Chelmsford, England, United Kingdom.
Is Tevva a funded company?
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 Grant of $5.69M, raised on Jun 12, 2018.
How many employees does Tevva have?
As of Dec 31, 2020, the latest employee count at Tevva is 67.
What is the annual revenue of Tevva?
Annual revenue of Tevva is $483.91K as on Dec 31, 2020.
What does Tevva do?
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.
Who are Tevva's investors?
Tevva has 2 investors. Key investors include Bharat Forge, and Advanced Propulsion Centre UK.