Vivo Power
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Vivo Power - overview
Established
2014
Location
London, England, UK
Primary Industry
Renewable Energy
About
Vivo Power is a renewable energy firm specializing in electric vehicles, solar power systems, and energy storage solutions. The company emphasizes sustainability and efficiency in its offerings, targeting various industrial and commercial sectors. Vivo Power, founded in 2014, operates as a provider of sustainable energy solutions, offering electric vehicles and solar power systems. The company is headquartered in London, UK.
In 2014, Arowana acquired VivoPower, marking a strategic pivot in its business operations. Kevin Chin serves as the CEO of the company. VivoPower is a comprehensive provider of sustainable energy solutions, predominantly offering electric vehicles (EVs), solar power systems, and battery technology. The company's flagship products include Tembo's electric light vehicles (eLVs), engineered for rugged environments, targeting sectors such as mining, industrial, and commercial applications.
These eLVs provide a 100% electric alternative designed to meet the demands of tough operational terrains while reducing emissions. In addition to eLVs, VivoPower supplies purpose-built solar power and battery storage systems, along with microgrid solutions aimed at enhancing energy efficiency and minimizing costs for industrial, commercial, and municipal clients. This diverse array of products is marketed across various international regions, including Australia, Canada, the Philippines, the UAE, the United States, the Netherlands, and the United Kingdom, with a client base that spans various industries seeking to achieve sustainable energy goals. In 2023, VivoPower reported a revenue of USD 15.
06 mn and an EBITDA of USD -9. 73 mn. The company's revenue generation is structured around direct sales and strategic partnerships, focusing on business-to-business (B2B) transactions and direct contracts with commercial and municipal clients. VivoPower engages in the sale of its electric vehicles, solar systems, and battery solutions, establishing contracts that often include maintenance and support services, thus ensuring ongoing engagement with its clients.
VivoPower is focused on advancing its product offerings, specifically enhancing its electric vehicle line and expanding its solar power solutions. The company plans to enter new markets, targeting regions such as Asia and the Middle East by the end of 2025. Recent funding from the acquisition by Arowana will support these initiatives, allowing for expanded research and development in sustainable technologies.
Current Investors
Arowana Partners
Primary Industry
Renewable Energy
Sub Industries
Solar Power
Website
http://www.vivopower.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Vivo Power - timeline of key events
Vivo Power - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 32,250,000 | 33,647,000 | 39,036,000 | 13,617,000 | 48,710,000 | 40,411,000 | - | - | - |
| % Revenue Growth (YoY) | - | 4.3% | 16.0% | - | - | (17.0%) | - | - | - |
| EBITDA (USD) | 17,678,000 | (6,335,000) | (3,990,000) | 404,000 | 3,935,000 | (2,526,000) | - | - | - |
| Operating Income (USD) | 17,027,000 | (7,595,000) | (5,410,000) | (33,000) | 2,169,000 | (4,782,000) | - | - | - |
| Operating Margin | 52.8% | (22.6%) | (13.9%) | (0.2%) | 4.5% | (11.8%) | - | - | - |
| % EBITDA Margin | 54.8% | (18.8%) | (10.2%) | 3.0% | 8.1% | (6.3%) | - | - | - |
| NET Income (USD) | 5,300,000 | (27,879,000) | (11,223,000) | (1,446,000) | (5,103,000) | (7,958,000) | - | - | - |
| % Net Margin | 16.4% | (82.9%) | (28.8%) | (10.6%) | (10.5%) | (19.7%) | - | - | - |
Vivo Power - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Vivo Power | - |
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Vivo Power - employee data
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