LEVC

What LEVC does

LEVC (London EV Company Limited) is a UK-based automotive manufacturer founded in 1908 and owned by China's Geely Holding Group since 2013, operating from the UK's only dedicated electric vehicle plant in Ansty, Coventry. The company designs and builds purpose-built electric commercial vehicles, with its core product being the TX electric taxi family (TX, TX Access, TX Shuttle) powered by proprietary eCity range-extended EV (REEV) technology that delivers up to 78 miles of pure electric range and 333 miles total range-extended range. LEVC has expanded its portfolio to include the VN5 electric commercial van and, in 2024, the L380 all-electric luxury MPV built on the co-developed Space Oriented Architecture (SOA) platform with Geely.

The company generates revenue primarily through one-time vehicle sales to professional taxi drivers, fleet operators, government authorities, and accessibility transport providers, distributed via a UK dealer network of 50+ outlets and international dealers across more than 20 countries. Recurring and aftermarket revenue streams include extended warranties (up to 8 years/249k miles for the TX), LEVC Protect vehicle protection products, genuine accessories, approved used vehicles, and finance/insurance broking under FCA regulation. Strategic positioning is anchored in regulatory compliance with London taxi Conditions of Fitness (including the 8.45m turning circle), sector-leading wheelchair accessibility features, and the heritage of the London black cab brand, while attempting to broaden its addressable market through new platforms and luxury variants.

As of March 2026, LEVC operates with 251-500 employees, has sold more than 12,000 TX vehicles globally since the 2018 launch, and has entered a new leadership phase with Geely International's Tony Chi as acting CEO alongside a newly created General Manager role.

Name

LEVC

Legal name

London EV Company Limited

Website

https://levc.com

Company type

Private

Founded year

1908

Operating status

Operating

Headcount range

251–500 employees

Short description

LEVC (London EV Company) is a UK automotive manufacturer, owned by Geely Group, that designs and builds purpose-built electric taxis, vans, and luxury MPVs powered by proprietary eCity range-extended EV technology for professional drivers, fleets, and accessibility transport operators.

Ownership category

akta.pro rank

Product category

Electric Commercial Vehicles

NAICS

Motor Vehicle Manufacturing (3361), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Truck & Bus Bodies (3713)

akta.pro primary industry

Battery Management System (BMS) & HV Control Electronics Manufacturing (IMACACAH)

akta.pro secondary industries

High-Voltage Wiring, Connectors & Busbars Manufacturing (IMACACAF), EV & Hybrid Battery Service, Diagnostics & Reconditioning (TLAKAMAA)

Keywords

• Electric taxis
• Commercial electric vehicles
• Range-extended electric vehicles
• Electric light commercial vans
• Luxury electric MPV

Headquarters

HQ city

Coventry

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Vehicle Sales: LEVC generates primary revenue from the sale of electric vehicles including the TX taxi, VN5 electric van, and L380 luxury MPV. Vehicles are sold through authorised retailers and directly through company-owned dealerships.
2. After-sales Services and Parts: Revenue generated from servicing, maintenance, repairs, and genuine parts sales through the authorised LEVC service network.
3. Extended Warranties: Extended and aftermarket warranty offerings provided and administered by third-party providers, offering additional coverage beyond standard warranty periods.
4. Finance and Insurance Broking: LEVC acts as a credit broker, introducing customers to finance providers for vehicle purchases. The company also offers LEVC Protect vehicle protection products.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

LEVC (London EV Company) manufactures and sells purpose-built electric commercial vehicles, headlined by the TX electric taxi family (TX, TX Access, TX Shuttle) powered by proprietary eCity range-extended EV technology. The portfolio also includes the VN5 electric van for urban logistics and the L380 all-electric luxury MPV built on the co-developed SOA platform. Vehicles are sold through an authorised dealer network with after-sales, parts, finance broking, warranties and protection products.

Product overview

LEVC (London EV Company) is a British automotive manufacturer offering a portfolio of purpose-built electric vehicles. The core product lineup includes the TX Electric Taxi family (TX, TX Access, TX Shuttle) – advanced range-extended electric taxis powered by eCity REEV technology with zero-emissions capability and sector-leading accessibility; the VN5 Electric Van for urban logistics; and the L380 Luxury MPV – an all-electric model based on the SOA platform. LEVC operates a platform-plus-services model, with the vehicles serving as the core products, supported by add-on services including extended warranties, LEVC Protect paint protection, genuine accessories, approved used vehicles, and a mobile operator app. Manufacturing is based in Coventry, UK.

Differentiator

Problem solved

Functional benefit

Products and services

• TX Electric Taxi The world's most advanced electric taxi, powered by eCity REEV technology. Purpose-built as a modern electric taxi with zero-emissions capable driving, sector-leading wheelchair accessibility (integrated ramp, hearing loop, swivel seat), space for up to six passengers, and the iconic 8.45-metre turning circle for professional taxi service.
• TX Access A TX variant configured for healthcare, care home and people-transfer users, powered by eCity REEV technology with enhanced accessibility features for medical and assisted transport applications.
• TX Shuttle Based on the electric taxi with the same eCity technology, TX Shuttle offers mobility and shuttle operators a configurable vehicle for on-demand public transport and shared taxi services.
• VN5 Electric Van An electric light commercial van powered by e-City REEV technology, offering all the benefits of an electric commercial vehicle without range anxiety, with durability, carrying capacity and a total electrically-driven range of more than 300 miles for green urban logistics.
• L380 Luxury MPV The all-electric L380 luxury MPV, the first of a new range of smart, spacious fully electric models based on the SOA platform, targeting premium passenger transport and VIP shuttle use.
• Extended Warranty Plans Extended warranty plans for TX and VN5 vehicles offering additional coverage beyond standard warranty terms (up to 8 years/249k miles for TX and 6 years/200k miles for VN5), administered by third-party provider Assurant.
• LEVC Protect Professionally applied exterior and interior vehicle protection products for TX and VN5 customers, keeping vehicles in showroom condition.
• Genuine Accessories Range of genuine LEVC accessories designed specifically for TX and VN5 vehicles, providing style and quality options for vehicle personalisation.
• Approved Used TX Approved pre-owned TX vehicles prepared to exacting standards, available through authorised LEVC retailers for buyers seeking a refurbished iconic electric taxi.

Quantifiable outcome

• 360+ million kg CO2 prevented from entering atmosphere
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered minor, core and supporting.

• RAPAIDminorStrategic or Co-development Partner · 31 March 2026LEVC partnered with RAPAID charity to make life-saving emergency bandage kits available in TX taxis across LEVC's national dealer network. Over 5,000 new kits will be distributed from July 2026, with kits fitted by LEVC retailers at point of sale.
• Johnson Bros Tours & Redfern TravelcoreChannel Partner/ Reseller/ Distributor · 15 January 2026LEVC appointed Johnson Bros Tours and Redfern Travel as official aftersales partner in the East Midlands, operating from four sites across Derbyshire and Nottinghamshire. The family-owned business, operating since 1950, provides service and repair support for TX and VN5 customers.
• Greater Manchester Combined AuthoritycoreStrategic or Co-development Partner · 8 December 2025LEVC signed memorandum of understanding with Greater Manchester Combined Authority backing the city's £8m Hackney Support Fund. LEVC contributed up to £2m through extended warranties on new and used TX cabs and taxi scrappage allowances, supporting drivers transitioning to zero-emission capable vehicles.
• AutogreensupportingStrategic or Co-development PartnerLEVC partners with Autogreen for end-of-life vehicle recycling and battery take-back. Autogreen provides authorised treatment facilities across the UK to ensure proper disposal, recovery, and recycling of LEVC vehicles in compliance with ELV 2000/53/EC directive.
• Bibby Energy SolutionssupportingTechnology or IntegrationLEVC partnered with Bibby Energy Solutions to provide home and workplace charging point installation services for customers, making it easier to install EV charging infrastructure.
• Ministry of Transport GibraltarcoreStrategic or Co-development PartnerLEVC delivered 11 new zero-exhaust emission capable TX taxis to the Ministry of Transport in Gibraltar, marking LEVC's first official entry into the local taxi market. The fleet supports Gibraltar's ambitions for cleaner urban mobility.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Toyota JPN Taxi: Toyota's purpose-built JPN Taxi (and hybrid variants) is the most direct global analogue to LEVC's TX — a purpose-designed urban taxi with universal accessibility and low-emission powertrain, sold primarily in Japan and selected export markets. It competes head-to-head with the TX for professional taxi fleets.
• BYD Auto: BYD is a Chinese EV maker with broad commercial vehicle and taxi offerings (e.g., BYD e6, BYD D1 with DiDi, electric vans), competing directly with LEVC's TX and VN5 in markets where Chinese OEM pricing pressures European and UK fleet operators. Its vertical battery integration gives it a cost advantage.
• Rivian: Rivian manufactures electric commercial delivery vans (EDV 700/900) for Amazon and other fleet customers, competing directly with LEVC's VN5 in the electric commercial van segment targeting last-mile logistics and urban fleet electrification.

Broad incumbents

• Mercedes-Benz Vans: Mercedes-Benz offers the eVito and EQV electric vans/MPVs and has historic taxi conversions (Vito Taxi), positioning it as a broad incumbent competitor to LEVC's VN5 and L380 in commercial and luxury passenger transport with much greater brand scale and dealer network.
• Ford Pro (E-Transit): Ford's E-Transit is a major electric commercial van competing with LEVC's VN5 in last-mile delivery and fleet electrification. As a broad incumbent, Ford offers much larger scale and a global dealer/service network that LEVC must compete against in fleet tenders.

Others

• Volvo Cars: Volvo Cars is a sister brand under Geely Holding Group, sharing corporate parent, capital allocation decisions, and platform/R&D resources with LEVC. Comparable as an EV manufacturer leveraging Geely group synergies, though Volvo focuses on premium consumer vehicles rather than commercial mobility.
• Polestar: Polestar is another Geely Group EV brand sharing corporate parentage with LEVC. Comparable as a sister EV manufacturer using group platforms and capital — provides context on how Geely allocates resources across its EV portfolio, including potential shared SOA technology applications.

Regional players

• Wrightbus: Wrightbus is a Northern Ireland-based bus and coach manufacturer that has launched electric buses and coaches, making it a UK-and-Ireland regional competitor in zero-emission commercial passenger vehicles adjacent to LEVC's TX Shuttle and L380 segments.

Emerging players

• Nio: Nio is a Chinese premium EV maker expanding into Europe with high-end electric SUVs and battery-swap technology. It is comparable as an emerging premium EV player whose European push overlaps with LEVC's L380 luxury MPV positioning in select markets.
• Arrival: Arrival (formerly Arrival Ltd.) was a UK-based electric commercial van and bus manufacturer pursuing a similar purpose-built, range-extender-friendly commercial EV strategy as LEVC's VN5. It serves as a comparable emerging player whose struggles highlight execution and capital risks in the EV commercial vehicle space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LondonEVCompany
• Facebookfacebook.com/LondonEVCompanyUK
• LinkedInlinkedin.com/company/levc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LEVC