TVR announces a funding and technology partnership with leading lithium innovator Ensorcia.
TVR is delighted to announce that it has today signed an agreement with Ensorcia Metals Corporation that provides significant funding for the formation of a joint venture in the EV space as well as for the production development of the V8-engined Griffith through its affiliate Ensorcia Automotive.
Work on future powertrain alternatives has already commenced, alongside development of the TVR product family beyond the Griffith Launch Edition.
Building upon the green credentials of TVR’s light-weighting strategy, new partner Ensorcia specialises in green lithium mining and processing, using a patented brine extraction process producing high quality lithium with maximum environmental and operational efficiency.
Les Edgar, Chairman of TVR said: “Today we have reached another milestone in our mission to rejuvenate and future- proof our iconic British brand - it has been clear for some time that EV has to be part of our future. Finding the right partner for the road ahead has been a complex process - the right synergistic fit coupled with a shared vision for the future in rapidly changing times - and we are thoroughly excited to be partnering with Ensorcia. Having access to advanced EV tech including supplies of green lithium via the leading, environmentally considerate process, is a hugely important element in ensuring that TVR will become a sustainable, net-zero business.”
Daniel Layton, Chairman of Ensorcia said: “We are delighted to announce this partnership with such an historic and important automotive brand. Along with the current model, we believe the global development of TVR EVs will be among the most exciting EVs in the market. The tight synergy and alignment between our companies and vision will ensure the supply chain for TVR’s future battery requirements. Our green lithium extraction process and TVR’s approach to environmentally friendly manufacturing creates a great partnership which we believe will experience enormous growth over the coming years.”