Tevva Motors Building Electric Trucks

Tevva Motors — has already got its first orders for repowering the trucks of delivery giants UPS, DHL and Switzerland’s Kuehne+Nagel with its components, including the batteries and motor, according to Tevva’s 48-year-old Israeli founder Asher Bennett. Bennett is the older brother of former entrepreneur turned right-wing politician Naftali Bennett, who is Israel’s education minister.

“The industry is starting to warm up, but we are most advanced,” he said.

The company is gearing up for production of its trucks, including its motors and battery systems, and seeking to raise some $10 million to $15 million to help finance its growth. Delivery of its first commercial orders are scheduled for the fourth quarter of the year.

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Author: abby

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