TLDR
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VVPR dives 35%, then climbs as Tembo seals East Africa EV deal with AVA.
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Tembo’s Africa push revives VVPR stock after steep intraday sell-off.
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VivoPower rebounds post-close on Tembo’s bold electric vehicle expansion.
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East African EV pact fuels Tembo’s growth and lifts VVPR from sharp fall.
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VVPR sees quick after-hours bounce on Tembo-AVA electric fleet rollout.
VivoPower International(VVPR) Stock experienced a sharp drop of 35.02%, closing at $2.95 on heavy selling pressure. However, after the market closed, the stock gained 5.08%, climbing back to $3.10 in extended trading. The rebound came after the company confirmed a new strategic agreement involving its subsidiary Tembo e-LV and East Africa’s AVA.
VivoPower International PLC, VVPR
Tembo and AVA Finalize Agreement to Electrify East African Fleets
VVPR announced that Tembo signed a definitive agreement with Associated Vehicle Assemblers Ltd. (AVA). AVA will assemble, distribute, and service Tembo’s electric utility vehicles (EUVs) across Kenya, Tanzania, and other East African countries. This move supports Tembo’s broader electrification rollout across emerging markets.
Tembo will collaborate with AVA to build a strong local presence and deliver tailored electric mobility solutions for commercial use. The partnership enables regional customers to access reliable after-sales support, reducing service gaps and operational delays. VVPR stated that it aims to create a scalable regional model through this deal.
The companies plan to train local technicians to ensure technical skills match modern electric vehicle assembly standards. Tembo will establish a local office and a mobile support network for better service efficiency and quick deployment. VVPR sees this as a crucial step in enabling decarbonized transport in resource-focused sectors.
Market Reacts Sharply Before Stabilizing on Strategic News
The stock decline of VVPR reflected uncertainty during regular hours ahead of the official announcement. As news of the Tembo-AVA agreement spread, sentiment shifted, prompting the after-hours price recovery. The rapid move emphasized the weight the market placed on East African expansion.
Market watchers noted that the company’s steep fall suggested prior concerns about business execution or delivery timelines. The rebound implied renewed confidence in Tembo’s ability to tap new commercial markets effectively. VVPR maintained a neutral stance, confirming the deal without projecting revenue figures.
While regular trading saw heightened volume and downward pressure, after-hours activity suggested a short-term reversal in mood. The rebound did not fully recover earlier losses but showed immediate impact from the partnership news. VVPR remains positioned to monitor further developments in upcoming sessions.
East African Expansion Aligns With Long-Term Electrification Strategy
VVPR continues to pursue sustainable energy solutions through regional alliances with trusted automotive manufacturers. AVA, with decades of OEM assembly experience, provides a strong operational base for this initiative. Tembo’s EUV product line matches East Africa’s commercial and utility needs.
Tembo aims to address regional demand for rugged and energy-efficient fleet vehicles suitable for mining, logistics, and industrial sectors. The agreement also focuses on creating jobs, local upskilling, and knowledge transfer within the electric mobility ecosystem. VVPR confirmed that the effort fits within national electrification goals.
VVPR expects that the localized model will improve customer delivery times and operational uptime. The Tembo-AVA deal allows scalable fleet deployment while enabling sustainable growth in the electric vehicle segment. As a result, the company advances its strategy for clean transport and resilient energy networks.
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