How are energy investors positioned?
LONDON - VivoPower International PLC (NASDAQ:VVPR), a sustainable energy solutions company with impressive gross profit margins of nearly 75%, has announced that its subsidiary, Tembo e-LV, has received an order from The Safari Collection for electric vehicle (EV) conversion kits. According to InvestingPro data, the company’s stock has shown strong momentum with a 253% return over the past six months, despite facing operational challenges. The Safari Collection, known for its luxury safari experiences in Kenya, aims to electrify its fleet of vehicles to enhance sustainable tourism practices.
The Safari Collection, established in 2009 by Tanya and Mikey Carr-Hartley, operates several luxury lodges and camps, including the famed Giraffe Manor. With a commitment to environmental conservation and community development, the company’s decision to adopt EV technology aligns with its ethos of preserving Kenya’s natural beauty while providing high-end safari experiences.
Tanya Carr-Hartley expressed that the partnership with Tembo e-LV is a continuation of their mission to sustainably showcase Africa’s wilderness. Mikey Carr-Hartley highlighted the importance of maintaining the integrity of remote African landscapes, which led them to choose Tembo’s solutions for their superior cost-effectiveness and performance.
Matthew Nestor, VivoPower’s Global Head of Partnerships and Sales, expressed excitement over the collaboration, citing shared values in conservation and innovation. The electrification of The Safari Collection’s fleet is seen as a step forward in demonstrating that luxury and sustainability can coexist, even in challenging environments.
VivoPower, a B Corporation recognized for its commitment to sustainable energy solutions, provides its customers with decarbonization solutions to help them move towards net-zero carbon status. Tembo e-LV, a VivoPower subsidiary, specializes in 100% electric utility vehicles for rugged and customized fleet applications across various industries. InvestingPro analysis reveals that while the company maintains strong gross margins, it faces significant challenges with cash burn and debt management. InvestingPro subscribers have access to 14 additional key insights about VivoPower’s financial health and growth prospects.
The Safari Collection’s move to electrify its vehicle fleet with Tembo e-LV kits is part of a growing trend in eco-tourism, where companies are seeking to minimize their environmental footprint while ensuring a premium experience for guests.
This order follows a previous one from Asilia Africa in February 2025, indicating a growing interest in sustainable safari solutions across the continent. The information for this article is based on a press release statement from VivoPower International PLC. With the company’s next earnings report due on May 28, 2025, InvestingPro subscribers can access comprehensive financial analysis and valuation metrics to better understand the company’s growth trajectory and investment potential.
In other recent news, VivoPower International PLC has been involved in several significant developments. The company agreed to a revised takeover offer from Energi Holdings Limited, which increased the enterprise value to $180 million from the initial $120 million. This revised offer includes an eight-week exclusivity period for Energi to conduct due diligence. Additionally, VivoPower is advancing its business combination with Tembo, facilitated through a SPAC merger with Cactus Acquisition Corp. 1 Limited, with an expected equity value of $838 million. The Tembo deal also involves a Definitive Distribution Agreement with Saudi Arabian firm Green Watt to supply 1,600 electric utility vehicle units over the next five years, valued at up to $85 million. Furthermore, VivoPower plans to spin off Caret Digital via a direct listing IPO, with shareholders set to receive five shares of Caret Digital for each VivoPower share held. These developments highlight VivoPower’s ongoing efforts to expand its global footprint in sustainable energy solutions. The company has committed to keeping shareholders informed as these transactions progress, though all are subject to risks and uncertainties that could impact final outcomes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.