Tolv develops modular powertrains and vehicle conversion platforms that enable the retrofitting of traditional vehicles into electric ones. This technology provides flexible and scalable electric mobility solutions for fleet operators and individual consumers, addressing the demand for sustainable transportation options.
Funding
$14.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AFounders
Product
Problem
Many fleet operators and individual consumers face challenges in transitioning to sustainable transportation due to the high costs and limited availability of new electric vehicles. Replacing entire fleets with new EVs can be financially prohibitive, while the lifespan of existing combustion engine vehicles is often far from over.
Solution
Tolv provides a solution by developing modular powertrain and vehicle conversion platforms that enable the retrofitting of existing traditional vehicles into electric vehicles. This approach offers a cost-effective and environmentally friendly alternative to purchasing new EVs, extending the life of existing vehicles while reducing emissions. Tolv offers both retrofit kits for existing vehicles and the option to purchase or lease already converted electric vehicles. The company's solutions are designed to be flexible and scalable, catering to a range of vehicle types and customer needs.
Target Audience
The primary target audience includes commercial fleet operators, municipalities, and individual consumers seeking to transition to electric mobility in a cost-effective and sustainable manner.
Features
- Modular powertrain systems designed for easy integration into existing vehicle chassis
- Electric vehicle conversion kits for Renault Master III Phase 2 and other light commercial vehicles
- Options to retrofit existing vehicles or purchase/lease pre-converted electric vehicles
- Maintenance and servicing through the Renault network
- Integration with existing vehicle systems, preserving original utility and equipment
- Battery technology providing a range of 160-200 km (WLTP)
- Access to national and local subsidies for electric vehicle conversions