When was Tembo founded?

Tembo was founded in 2014 and raised its 1st funding round 10 years after it was founded.

Where is Tembo located?

Tembo is headquartered in Eindhoven, Netherlands.

How many employees does Tembo have?

As of Sep 30, 2026, the latest employee count at Tembo is 12.

Is Tembo a funded company?

Tembo is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Apr 09, 2024.

When was the latest funding round of Tembo?

Tembo's latest funding was a $***** Series A round on Apr 09, 2024, with participation from 1 investor.

Where does Tembo rank among its competitors?

Tembo ranks 2nd amongst 53 active competitors, of which 13 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Revoy, which secured $27M in Jul, 2026.

Who are the top competitors of Tembo?

Tembo's top competitors include Revoy, KEYOU and AddVolt. Among them, Revoy secured the most recent funding round in July, 2026.

Tembo - 2026 Company Profile, Team, Funding & Competitors

Tembo is an acquired company based in Eindhoven (Netherlands), founded in 2014 by Frank Daams. It operates as a Provider of fleet electrification solutions. Tembo has raised $10M in funding. The company has 53 active competitors, including 13 funded and 5 that have exited. Its top competitors include companies like Revoy, KEYOU and AddVolt.

Company Details

Provider of fleet electrification solutions. The company develops conversion kits and converts gasoline fleets into custom electric vehicles. It caters to fleet owners in the mining, agriculture, energy utilities, defense, police, government, humanitarian, and game safari industries.

Website: temboelv.com
Social
Email ID: *****@temboelv.com
Phone Number: +31 **********

Key Metrics

Founded Year

2014

Location

Eindhoven, Netherlands

Stage

Acquired

Total Funding

$10M in 1 round

Latest Funding Round

Series A, Apr 09, 2024, $*****

Investors

Emirates Investment Authority

Ranked

2^nd among 53 active competitors

Employee Count

12 as on Sep 30, 2026

Similar Companies

Revoy & 54 more

Exit Details

Acquired by Energy Holding Limited (Aug 18, 2025)

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Tembo got acquired by Energy Holding Limited on Aug 18, 2025.

Click here to take a look at Tembo's acquisition in detail

Tembo has raised a total funding of $10M over 1 round. Its latest funding round was a Series A round on Apr 09, 2024 for $*****. 1 investor participated in its latest round. Tembo has 1 institutional investor.

Here is the list of recent funding rounds of Tembo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 09, 2024	2304468	Series A	3461083	1271997	2641708	9429299

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View details of Tembo's funding rounds and investors

The founders of Tembo is Frank Daams.

Here are the details of Tembo's key team members:

Frank Daams: Founder & Owner of Tembo and founder of 1 other company.
Contact Info: 2 phone numbers

View details of Tembo's Founder profiles and Board Members

Tembo's employee count trend

Tembo has 12 employees as of Sep 26. Here is Tembo's employee count trend over the years:

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Top competitors of Tembo include Revoy, KEYOU and AddVolt. Here is the list of Top 10 competitors of Tembo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Revoy 2020, San Mateo (United States), Series A	Manufacturer of electric trucks	$27.5M	Climate Capital, Y Combinator & 10 others	58/100
2nd	Tembo 2014, Eindhoven (Netherlands), Acquired	Provider of fleet electrification solutions	$10M	Emirates Investment Authority	48/100
3rd	KEYOU 2015, Munich (Germany), Seed	Hydrogen-powered conversion kits for commercial vehicles	-	EIC Fund, Nagel & 7 others	47/100
4th	AddVolt 2014, Porto (Portugal), Acquired	Plug-and-play electrical system for refrigerated trucks	-	Portugal Ventures, Abacus Alpha & 6 others	43/100
5th	IX Energy 2017, Noida (India), Seed	Provider of electric powertrain solutions for hybrid and full electric vehicles	$678K	Catch Foods, DS Group & 4 others	43/100
6th	Reborn Electric Motors 2017, Rancagua (Chile), Series A	Provider of electric motor retrofits for vehicles	$4M	Marcopolo	43/100
7th	ZEVx 2017, Gilbert (United States), Series B	Platform offering fleet electrification solutions	$41M	Listwin Ventures, Reynolds Capital & 2 others	40/100
8th	Evolectric 2019, Long Beach (United States), Series B	Provider of electric vehicle conversion kits and fleet electrification solutions	$15M	Seismic, Los Angeles Cleantech Incubator	38/100
9th	pepper motion 2019, Denkendorf (Germany), Acquired	Provider of electric conversion kits for commercial vehicles	-	Lennertz, Cullom Capital & 4 others	36/100
10th	Cryomotive 2020, Grasbrunn (Germany), Series A	Provider of solutions for hydrogen storage and refueling	$7.93M	Chart Industries	34/100