Over a year ago, British startup Tevva Motors Ltd – which had already raised millions of dollars in funding on the strength of its 7.5 tonne prototype electric truck – announced plans to merge with an American company called ElectraMeccanica. It was an unlikely match: ElectraMeccanica had launched a single product, a battery-powered three-wheeler, which had to be recalled due to numerous technical faults. Following the merger, the new company, called ‘Tevva Inc’, would begin with a cash balance between USD70-80m, debts of USD26m, and two facilities on either side of the Atlantic. It was apparently a marriage of convenience: a means to recapitalise Tevva’s business and enter the American market; and when the deal collapsed, the declaration of bankruptcy, which came six months later, seemed as inevitable as the change of seasons.

This will entail integrating Exro’s Coil Driver inverter technology with SEA Electric’s 5e electric drive system to enhance the performance and cost-efficiency of electric propulsion systems for commercial vehicles.

The Swedish manufacturer is adding two new active safety options – one for side collision avoidance and the other for emergency braking – to its heavy-duty truck ranges across all markets.

Addiante is a joint venture company of steel maker, formed by Gerdau SA of Porto Alegre, and Randoncorp of Caxias do Sul, set up in 2022, specializing in the leasing of heavy vehicles, implements and machinery.

The company is aiming to partner with international CV OEMs in the light, medium and heavy-duty segments by presenting its hydrogen and natural gas products for the transportation sector.