NUBURU Reports Execution Progress on Tekne’s $17.1 Million Special-Vehicle Program Following Acquisition
NUBURU provided an execution update on Tekne's approximately $17.1 million special-vehicle program with an Italian public-sector customer, following the October 15 closing of its 70% controlling-interest acquisition. Tekne issued approximately $3.4 million in advance invoices (20% of contract value) on September 30, 2026, before the acquisition closed; the company cautioned that advance billings do not indicate cash received or revenue recognized. The scope covers more than 200 firefighting and emergency-response vehicles with deliveries due 180 and 270 days after prototype acceptance.
Key figures
- Deal Value Usd
- 17100000
- Fx rate
- $1.1551 per euro
- Vehicles
- more than 200
- Delivery days
- [180,270]
- Tekne employees
- approximately 185
- Advance invoices
- 3400000
- Order register program
- 3200000
- Portfolio residual value
- 108700000
- Value of production 2026 2030 projection
- 652300000
AI analysis
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