Sea Electric Holdings Pty Ltd. Completes US$42 Million Equity Financing
SEA Electric to Expedite Global Expansion of Proprietary Commercial Electric Vehicle Technology - SEA-Drive(R)
LOS ANGELES, March 09, 2021 (GLOBE NEWSWIRE) Following substantial growth in new markets, global automotive technology company
SEA Electric Holdings Pty Ltd. (SEA Electric), announced it has closed initial private placement equity financing for total gross proceeds of approximately
US$42 million. The net proceeds from the investment will allow SEA Electric to solidify its position as a market leader in the electrification of commercial vehicles whilst funding its considerable backlog and facilitating more pilot programs with operators.