Tembo Partners with HMBEV to Accelerate EV Adoption in Australia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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Should l Buy VVPR?
Source: Newsfilter
- Strategic Market Partnership: Tembo has entered a strategic partnership with Australia's leading EV consultancy, HMBEV, aimed at accelerating sales of its Tusker electric vehicle in Australia, which is expected to drive market adoption of EVs.
- Industry Credibility Boost: HMBEV's collaborations with major energy players like Ampol enhance Tembo's credibility in the EV sector, enabling more effective market promotion and customer education, thereby improving brand image.
- Product Advantage Showcase: The Tembo Tusker is designed for demanding commercial and fleet applications, offering low total cost of ownership and high reliability, addressing the strong demand for zero-emission vehicles in Australia's mining, construction, and public sectors.
- Expansive Market Outlook: With the rapid growth of the Australian EV market, Tembo's strategic partnership will provide robust support for its expansion in the region, aiding the company's success in its upcoming Nasdaq listing plans.
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Analyst Views on VVPR
About VVPR
VivoPower International PLC is a sustainable energy solutions company. It focuses on electric solutions for customized and ruggedized fleet applications, battery and micro grids, solar and critical power technology and services. Its segments include Electric Vehicles, Sustainable Energy Solutions, Solar Development, Digital Assets and Corporate Office. The Electric Vehicles segment is represented by Tembo e-LV B.V. (Tembo), a Netherlands-based specialist battery-electric and off-road vehicle company delivering electric vehicles (EVs) for mining and other rugged industrial customers. The Sustainable Energy Solutions segment involves the design, evaluation, sale, and implementation of renewable energy infrastructure to customers, both on a standalone basis and in support of Tembo EVs. The Solar Development segment is represented by Caret LLC in the United States, which also includes the segment of Digital Assets being digital revenue streams from digital asset mining activities.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Share Transaction Agreement: VivoPower has entered into an agreement with KWeather, whereby KWeather will acquire the economic rights to some of VivoPower's Ripple Lab shares, allowing VivoPower to secure $4.3 million worth of KWeather shares representing a 20% stake, enhancing its capital positioning in the market.
- Strategic Exit from Digital Assets: VivoPower confirms it will not acquire further digital assets on its balance sheet and has not incurred any realized or unrealized losses on its digital asset holdings, enabling the company to concentrate resources on expanding its data center infrastructure.
- Deepening Partnerships: The partnership agreement with Lean Ventures will facilitate the acquisition of VivoPower's remaining Ripple Lab shares, ensuring transactions are conducted at market value, thereby optimizing its digital asset portfolio and reducing risk exposure.
- Business Focus Transformation: Through this transaction, VivoPower will shift its focus towards the development and operation of data center infrastructure, aiming to enhance its competitive edge in AI computing applications and further advance sustainable energy solutions.
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- Termination of Equity Offering: VivoPower has formally terminated its ATM equity offering agreement with Chardan Capital Markets, indicating that the company no longer needs to raise funds through new share issuance under current market conditions, reflecting a careful assessment of its cash flow and capital requirements.
- Improved Cash Flow Outlook: Management has confirmed that current and projected operating cash flows, along with economically non-dilutive funding sources, are sufficient to support operations, demonstrating the company's disciplined and strategic approach to capital allocation.
- Diversification Strategy: VivoPower is focused on developing and owning low-cost sustainable energy infrastructure, with multiple business units including Tembo and Caret Digital, aiming to enhance overall competitiveness and market adaptability through diversified operations.
- Global Market Presence: As a certified B Corp operating globally, VivoPower emphasizes its leadership in sustainable energy solutions and plans to further expand its infrastructure in the AI application sector across various sovereign nations.
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- Conference Schedule: VivoPower will present its main presentation at the Noble Capital Markets Emerging Growth Virtual Conference on February 5, 2026, at 3:30 PM ET, led by Executive Chairman and CEO Kevin Chin and Chief Investment Officer Alex Cuppage, which is expected to attract significant investor interest.
- Strategic Focus: The presentation will highlight the company's recent acquisitions, including a 25MW data center platform in the UAE and land with power rights in Finland, showcasing its 'Power-to-X' strategy aimed at developing and owning low-cost sustainable land and data center infrastructure for AI applications.
- Investor Engagement: Attendees can register for free to view the live presentation via the Noble Conference Registration Portal, with a video webcast available post-event on the company's website and Channelchek for 90 days, enhancing investor interaction and transparency.
- Business Diversification: VivoPower is also in the process of spinning out or divesting its business units, including Tembo, Caret Digital, and Vivo Federation, demonstrating a diversified development strategy in sustainable energy solutions to enhance overall market competitiveness.
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- Acquisition Details: VivoPower has agreed to acquire OGDC Ltd. for approximately $13 million in cash and contingent convertible preference shares, securing 291 MW of strategic land expected to be grid-connected within 12 months to support AI data centers.
- Economic Benefits: The renewable hydropower acquired at sub-4¢/kWh significantly enhances the economics of high-density AI training and inference, bolstering VivoPower's competitive position in the renewable energy market.
- Management Integration: VivoPower's Executive Chairman and CEO Kevin Chin stated that this agreement not only provides an initial portfolio of powered land but also brings OGDC's experienced team to facilitate the rollout of the project effectively.
- Market Reaction: Despite the strategic advantages of the acquisition, VivoPower's stock fell 7.6% in pre-market trading, reflecting cautious investor sentiment and short-term reactions to the deal.
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- Acquisition Announcement: VivoPower International PLC has announced its agreement to acquire AI data center infrastructure developer OGDC Pte Ltd, with the transaction expected to close in February, marking a strategic expansion in the energy solutions sector.
- Land Resource Acquisition: The acquisition will secure 291MW of strategic land in Finland for VivoPower, which is anticipated to be grid-connected within 12 months, enhancing its competitive position in the renewable energy market.
- Funding Structure: The deal involves approximately $13 million in cash to be paid from VivoPower's cash reserves, along with the issuance of convertible preference shares at a conversion price of $15 per ordinary share, triggered only upon successful grid connection.
- Market Reaction: In pre-market trading on Nasdaq, VVPR shares were priced at $2.11, down 10.58% from the previous trading day, reflecting a cautious market sentiment regarding the acquisition.
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- Market Growth Potential: The global data center market is projected to exceed $300 billion by 2026, driven by enterprise digital transformation, cloud adoption, and AI demand, indicating strong structural growth potential.
- VivoPower's Strategic Move: VivoPower has signed an agreement to develop an initial 25MW data center in the UAE, ensuring long-term power infrastructure access, aimed at supporting the region's long-term digital economy goals and enhancing market competitiveness.
- IREN's Partnership with Microsoft: IREN has signed a multi-year GPU cloud services contract valued at approximately $9.7 billion with Microsoft, expected to phase in NVIDIA GB300 GPUs through 2026, further advancing data center technology upgrades.
- MARA and MPLX Collaboration: MARA has signed a letter of intent with MPLX to build integrated power generation facilities and data centers in Texas, with an initial capacity of 400MW and potential scalability to 1.5GW, enhancing reliability for regional energy and computing needs.
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