# ElectraMeccanica and Tevva announce proposed merger

ElectraMeccanica and Tevva entered into a definitive arrangement agreement to combine, aiming to create a leader in zero-emission commercial vehicles.

- Type: Acquisition
- Announced: 2023-08-15
- Where: United Kingdom
- Status: announced
- Products: electric medium- and heavy-duty commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ElectraMeccanica](https://endata.com/companies/72067.md) (acquirer)
- [Tevva](https://endata.com/companies/72068.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20230815770691/en/ElectraMeccanica-and-Tevva-Announce-Proposed-Merger-Agreement-Intended-to-Create-a-Market-Leader-in-Zero-Emission-Commercial-Vehicles---Focusing-First-in-the-United-Kingdom-then-in-Europe-and-the-United-States), 2023-08-15: "The proposed transaction is intended to accelerate their combined ability to capture the growing opportunity in commercial electric trucks."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.