Electric Truck Startup Raises $13.5 Million from India’s Bharat Forge

British and Israeli electric truck company Tevva Motors Ltd. announced last week it has raised $13.5 million (£10 million) from India’s Bharat Forge Limited (BFL). Tevva develops electric trucks with range extenders based on technology used in submarines. Founded in 2012 by CEO Asher Bennett, a former submarine officer in the Israeli Navy, Tevva is based in Essex, England.

“The big challenge for the electric truck market is that it is handicapped by range anxiety and a lack of charging infrastructure. But this was a problem that submarine engineers had already solved,” Mr. Bennett said in a statement. “I remember thinking, what if I could develop tailor-made energy management systems for electric trucks in the same way that Navy experts have done for submarines.”

Asher Bennett. Photo: PR