VivoPower is an award winning global sustainable energy solutions B Corporation that focuses on electric solutions for customized and ruggedized fleet applications, battery and microgrid systems, solar technology and critical power services. The company’s core purpose is to deliver turnkey decarbonisation solutions that enable customers to achieve net zero carbon status. VivoPower operates in Australia, the Netherlands, the United Kingdom, the United States and the Philippines, leveraging its B Corp status to integrate environmental, social and governance considerations into its business model.

VivoPower generates revenue from five main activities: the sale of electric vehicle conversion kits, electric pickup trucks such as the Tembo Tusker and electric Jeepneys, related EV charging accessories and services; the design, engineering, installation and leasing of renewable energy infrastructure including battery storage, microgrids, solar plus storage systems and EV charging stations; the development and sale of U. S. solar projects prior to construction, often marketed as shovel ready assets; revenue from cryptocurrency mining operations that utilise renewable energy from solar farms; and corporate overhead costs associated with maintaining the Nasdaq listing, SEC compliance and investor relations. Its customers span industrial firms, mining operators, utilities, government agencies, humanitarian organisations, tourism operators and agricultural businesses.

The company operates through the following segments: Electric Vehicles, Sustainable Energy Solutions, Solar Development, Digital Assets and Corporate Office.

• Electric Vehicles: This segment, represented by Tembo e LV B. V., designs, produces and sells battery electric conversion kits for off road and ruggedized vehicles, electric pickup trucks such as the Tembo Tusker, electric Jeepneys for the Philippine market, and associated EV charging solutions; it serves mining, agriculture, energy, defence, government, public transport, humanitarian and safari sectors across five continents.

• Sustainable Energy Solutions: This segment offers design, evaluation, sale and implementation of renewable energy infrastructure, battery and microgrid systems, EV charging stations, emergency backup power, digital twin technology, EV and battery leasing, EV battery reuse and recycling, and change management and training services to help industrial and large energy users achieve decarbonisation goals.

• Solar Development: This segment, held in Caret LLC, develops and sells U. S. solar projects prior to construction, focusing on early stage through advanced stage (shovel ready) projects, uses a capital light model that sells projects to third party investors who finance construction and operation, and has historically generated revenue from the sale of such projects.

• Digital Assets: This segment, conducted through Caret Digital, generates revenue from cryptocurrency mining activities including Dogecoin and Litecoin, uses renewable energy from solar farms to power mining rigs, and has reported modest digital revenue of $8 thousand in the fiscal year ended June 30 2025 while pursuing larger scale mining opportunities.

• Corporate Office: This segment comprises the group’s corporate functions, including maintaining the Nasdaq listing, meeting SEC reporting and compliance obligations, managing investor relations, overseeing legal and governance matters, and supporting the strategic initiatives of the operating segments.

VivoPower occupies a distinctive niche at the intersection of sustainable energy, electric vehicle technology and digital finance, competing with firms that provide EV conversions, renewable energy EPC services, solar project development and cryptocurrency mining. Its competitive advantages stem from its B Corporation certification, which signals strong environmental and social governance, its integrated offering that couples electric vehicles with renewable energy infrastructure, and its pioneering status as the first publicly listed company to adopt an XRP focused digital asset and decentralised finance treasury strategy.

VivoPower serves a broad customer base that includes mining operators, utilities, government agencies, humanitarian organisations, tourism operators, agricultural businesses and infrastructure firms. Specific partners and customers referenced in the filing are Asilia Africa, Associated Vehicle Assemblers Ltd., Green Watt, The Safari Collection, Relectrify, Green Gravity Energy Pty Ltd, Vital EV, Kempower and Geminum, illustrating the company’s reach across sectors such as mining, safari operations, energy solutions and renewable energy technology.