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British electric truck maker Tevva has "re-engaged" with a number of possible merger partners following ElectraMeccanica's decision earlier this month to cancel their planned deal and said on Monday it has a number of trucks in production. The two companies announced their planned merger in August, giving Tevva access to U.S. production and targeting revenue of up to $1.5 billion in 2028, but Mesa, Arizona-based ElectraMeccanica terminated the agreement citing "failures by Tevva to disclose . material information." Tevva, which has so far raised about $140 million from investors, said it had provided "full and open access" to ElectraMeccanica and "will be seeking recourse through due legal process."

City ofUnited kingdomNick careyDavid holmesArizona based electrameccanicaVolta trucksMerger partners