British electric truck startup Tevva secures USD 57 million in funding - News Summed Up

British electric truck startup Tevva secures USD 57 million in funding


Tevva, a U.K.-based electric truck startup, has announced to have secured USD 57 million during a funding round. The startup has raised a sum of USD 90 million in funding to date. The startup will offer two zero-emission 7500 kg truck models by next year, one of which will be a battery-operated electric model with a range of at least 160 miles. The second model will be an electric truck with a smaller reserve hydrogen fuel cell that can extend up to the range of 310 miles. The British electric truck startup is also planning to launch several hundred vehicles by the end of 2022, to produce at least 3,000 trucks per year by the year 2023.


Source: Economic Times November 18, 2021 09:28 UTC



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