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 Mar 31, 2026, the latest employee count at Tembo is 10.

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 3rd amongst 46 active competitors, of which 13 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Reborn Electric Motors, which secured $4M in Dec, 2024.

Who are the top competitors of Tembo?

Tembo's top competitors include AddVolt, Evolectric and pepper motion. Among them, Reborn Electric Motors secured the most recent funding round in December, 2024.

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 46 active competitors, including 13 funded and 5 that have exited. Its top competitors include companies like AddVolt, Evolectric and pepper motion.

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

3^rd among 46 active competitors

Employee Count

10 as on Mar 31, 2026

Similar Companies

AddVolt & 48 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	2535101	Series A	2520415	7134266	2436275	2619329

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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 10 employees as of Mar 26. Here is Tembo's employee count trend over the years:

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Top competitors of Tembo include AddVolt, Evolectric and pepper motion. 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	AddVolt 2014, Porto (Portugal), Acquired	Plug-and-play electrical system for refrigerated trucks	-	Portugal Ventures, Abacus Alpha & 6 others	53/100
2nd	Evolectric 2019, Long Beach (United States), Series B	Provider of electric vehicle conversion kits and fleet electrification solutions	$15M	Seismic, Los Angeles Cleantech Incubator	49/100
3rd	Tembo 2014, Eindhoven (Netherlands), Acquired	Provider of fleet electrification solutions	$10M	Emirates Investment Authority	48/100
4th	pepper motion 2019, Denkendorf (Germany), Acquired	Provider of electric conversion kits for commercial vehicles	-	Lennertz, Cullom Capital & 4 others	45/100
5th	ZEVx 2017, Gilbert (United States), Series B	Platform offering fleet electrification solutions	$41M	Listwin Ventures, Reynolds Capital & 2 others	43/100
6th	IX Energy 2017, Noida (India), Seed	Provider of electric powertrain solutions for hybrid and full electric vehicles	$460K	Catch Foods, DS Group & 4 others	42/100
7th	Boson Motors 2017, Fremont (United States), Seed	Manufacturer of smart electric commercial vehicles	-	Techstars, Falconx	41/100
8th	e-troFit 2019, Ingolstadt (Germany), Unfunded	Provider of electrification kits for the conversion of diesel buses and trucks	-	-	38/100
9th	Reborn Electric Motors 2017, Rancagua (Chile), Series A	Provider of electric motor retrofits for vehicles	$4M	Marcopolo	37/100
10th	Unique Electric Solutions 2016, Saint James (United States), Series A	Developer of electric propulsion systems for fleet commercial vehicles	$2.75M	Ault Global Holdings, Clean Energy Business Incubator Program ... Read more	36/100