VivoPower’s Tembo Secures Strategic Partnership in US$11 Billion Australian Utility Pick Up Truck Market with EV Industry Leader HMBEV
Rhea-AI Summary
VivoPower (NASDAQ: VVPR) announced that its EV subsidiary Tembo has signed a strategic partnership with Help Me Buy An EV (HMBEV) to accelerate sales of the Tembo Tusker in Australia’s estimated US$11 billion light utility pickup market. The agreement makes HMBEV a preferred partner for hands-on trials, customer education, and market engagement using HMBEV’s Centre of Excellence at Sydney Motorsport Park. The partnership targets B2B, government and commercial fleets and supports Tembo’s commercial rollout and its stated US$838 million potential spin-off via a planned Nasdaq listing. HMBEV’s existing relationships with major energy players like Ampol and AmpCharge are highlighted as complementary to Tembo’s go-to-market approach.
Positive
- Preferred partnership secures high-visibility trial platform at Sydney Motorsport Park
- Direct access to Australia’s estimated US$11B light utility pickup market
- Partnership supports Tembo’s planned US$838M potential spin-off and Nasdaq listing
Negative
- Commercial and rural sectors in Australia remain largely underserved, posing adoption challenges
- Success depends on effective conversion from trials/education to fleet procurement
News Market Reaction – VVPR
In the Jan 16 session, VVPR declined 4.41%, reflecting a moderate negative market reaction. Argus tracked a peak move of +2.1% during that session. Argus tracked a trough of -13.1% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | AI expansion | Positive | +9.6% | New Dublin office and advisory hire to scale sovereign AI data center business. |
| Jan 08 | Advisory appointment | Positive | +2.0% | Middle East sovereign wealth expert appointed to support AI and EV platforms. |
| Dec 30 | Data center deal | Positive | -11.3% | Heads of agreement for 40MW+ Norway data center with indicative $10M EBITDA. |
| Dec 29 | Tembo listing step | Positive | +9.0% | Tembo submits confidential Form F-4 to advance Nasdaq business combination. |
| Dec 23 | Strategy refocus | Negative | -5.6% | Refocus on sovereign AI compute and review of 682MW U.S. solar portfolio. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent VVPR news has mostly seen share price reactions that align with the apparent sentiment of announcements, with one notable divergence on an accretive Norway data center acquisition.
Over the past months, VVPR has announced a series of strategic moves spanning AI infrastructure and Tembo’s EV platform. Key steps included a Norway data center acquisition with indicative $10 million proforma EBITDA, a confidential Form F-4 for Tembo’s Nasdaq combination, and a strategic refocus toward Power-to-X sovereign AI compute. Advisory council appointments and a new Dublin office supported this pivot. Today’s Tembo–HMBEV partnership in Australia extends that execution track, focused on commercial EV adoption and Tembo’s prospective Nasdaq spin-out.
Key Terms
nasdaq listing regulatory
b corp-certified technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Partnership objective is to drive market adoption and sales in the strategically important Australian market, as Tembo progresses toward its US
HMBEV is Australia’s leading and most trusted independent electric vehicle (EV) corporate consultancy and advocacy group in Australia
HMBEV’s corporate partnerships include AMPOL, owner of Australia’s largest transport fuel supply network with over 1,800 outlets, and AmpCharge, the fastest growing charging network in Australia
LONDON and SYDNEY, Jan. 16, 2026 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (“VivoPower” or the “Company”), a leading B Corp-certified global sustainable energy solutions company, is pleased to announce that its electric vehicle subsidiary, Tembo e-LV B.V. (“Tembo”), has entered a strategic partnership agreement with Help Me Buy An EV (HMBAEV), Australia’s pre-eminent and most trusted EV corporate consultancy and advocacy group.
This partnership marks a critical milestone in Tembo’s go-to-market sales acceleration strategy, directly targeting the fast-growing Australian light utility vehicle pick-up truck market. Through the partnership, HMBEV will be a preferred strategic partner for supporting hands-on trials, customer education, and market engagement initiatives to accelerate adoption and sales across B2B, government, and commercial fleet segments.
Driven by regulatory changes, Australia is experiencing a fast-growing shift towards electrification, yet commercial and rural sectors remain underserved. HMBAEV, led by industry expert Brendan Doyle, has established itself as a trusted independent voice in the Australian EV ecosystem, recently collaborating with major energy players like Ampol to deliver EV infrastructure and education.
By leveraging HMBAEV’s deep consumer trust and its Centre of Excellence at Sydney Motorsport Park, Tembo secures an immediate, high-visibility platform to showcase the Tusker’s capabilities to a market hungry for rugged, zero-emission alternatives to traditional internal combustion utility vehicles.
The Tembo Tusker platform delivers a rugged, cost-effective electric utility vehicle solution purpose-built for demanding commercial and fleet applications. Designed and engineered for harsh operating environments, the Tusker offers reliable performance, a low total cost of ownership, and reduced maintenance relative to internal combustion alternatives. Its suitability for fixed and semi-fixed routes enables efficient integration with existing charging infrastructure, while its modular design supports a wide range of use cases across logistics, mining, construction, utilities, and public-sector fleets. Backed by local trials, fleet onboarding, and after-sales support, the Tusker platform provides fleet operators with a practical, scalable pathway to decarbonize operations without compromising safety, payload, or operational reliability. Australia represents a priority market for Tembo’s commercial EV offering, reflecting strong demand across mining, construction, and public-sector fleets for rugged, zero-emission vehicles.
Chris Mallios, Chief Operating Officer of VivoPower and Tembo, said: “Australia represents one of the most demanding and technically rigorous markets globally for light utility vehicles and pickup trucks. Partnering with HMBEV allows us to position the Tembo Tusker not simply as a vehicle, but as part of a broader education-led adoption ecosystem that addresses real-world operational requirements. This collaboration provides strong third-party validation of the robustness, durability, and readiness of our technology, while accelerating market confidence as we scale our ruggedized electric mobility platform globally. It also supports our operational roadmap as we prepare for Tembo’s planned Nasdaq listing.”
Brendan Doyle, Managing Director of Help Me Buy An EV, said: “Partnering with Help Me Buy an EV gives Tembo an immediate and decisive advantage in the Australian market: instant credibility and trust. Our team has rapidly become one of the most respected independent sources of EV expertise, vehicle appraisal, validation, and customer onboarding. By combining forces, we can precisely match the right Tembo vehicles to the right businesses, backed by industry-leading education and rigorous testing. This partnership allows Tembo to enter the market with a trusted, expert-led presence, accelerating adoption and reinforcing confidence in both our brand and their products from day one.”
About Tembo
Tembo electric utility vehicles (EUVs) are a
About Help Me Buy an EV
Help Me Buy an EV stands as Australia’s premier EV education, experience, and onboarding partner, working across consumer, government, business, and commercial sectors. Help Me Buy an EV has onboarded thousands of Australians and businesses—large and small—into the electric vehicle and new energy ecosystem. In 2025, Help Me Buy an EV announced a partnership with Ampol, Australia’s largest fuel and service station company, collaborating with them as they transition their operations and clients in a staged effort from combustion vehicles and fuels to the electric ecosystem.
Help Me Buy an EV has staged some of the biggest electric vehicle events, where education and further adoption are at the heart of everything they do. Regarded as some of the leading experts in Australia, the Help Me Buy an EV team is growing to cover more and more parts of the new energy ecosystem, while also working very closely with OEMs in China to understand and educate on the Australian electric vehicle and new energy landscape
About VivoPower
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has three business units, Tembo, Caret Digital, and Vivo Federation. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications, as well as ancillary financing, charging, battery, and microgrid solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining and AI data center infrastructure. Vivo Federation is the digital asset arm of VivoPower, focused on XRPL based real-world blockchain applications and maintaining exposure to Ripple Labs shares and XRP tokens. Across Tembo, Caret Digital and Vivo Federation, VivoPower has assembled a differentiated platform spanning power, mobility, compute and digital infrastructure, which the Company is now aligning behind its highest-return Power-to-X opportunity: Sovereign AI computing.
Forward-Looking Statements
This communication includes certain statements that may constitute "forward-looking statements" for purposes of the U.S. federal securities laws.
Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," “target”, "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
Corporate Disclosure Policy regarding Social Media
VivoPower International PLC (“the Company”) announces material information to the public through a variety of channels, including SEC filings, press releases, public conference calls, and its corporate website (www.vivopower.com). The Company also intends to use its official social media channels, including its accounts on X(@Vivo_Power) and Stocktwits (VivoPower_Official), as a means of disclosing information about the Company and its services to its shareholders and the public. It is possible that the information the Company posts on these social media channels could be deemed to be material information. Therefore, the Company encourages investors, the media, and others interested in the Company to review the information posted on these channels.
Media Contacts
VivoPower: media@vivopower.com
