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VivoPower partners with Lean Ventures to source $300 million in Ripple Labs shares to boost South Korean investment in digital assets.

Dec 18, 20256 months ago

Contract Type

partnership

EindhovenEvents

Description

VivoPower's digital asset unit, Vivo Federation, has partnered with Lean Ventures to initiate a purchase of Ripple Labs shares valued at $300 million. This deal aims to enhance investment opportunities for South Korean institutional investors.

Company Information

Company

Tembo e-LV B.V

Location

Eindhoven, North Brabant, Netherlands

About

Tembo e-LV B.V. is a subsidiary of VivoPower focused on electric solutions for ruggedized fleet applications. They provide customized and sustainable energy solutions for both off-road and on-road vehicles. The company is linked with VivoPower's broader transformation into digital asset management. Specifics on their operational scope are not outlined in the text.

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