fbpx

EV Engineering News

SEA Electric secures funding, announces partnership with Exro

SEA Electric, a maker of electric power-system technology for urban delivery and distribution fleets, recently secured $42 million in initial private placement equity financing. 

President Tony Fairweather said the financing will allow SEA Electric to accelerate its global sales efforts and further use its proprietary Sea-Drive 120b battery power system, while strengthening the delivery and distribution transportation segment for vehicles that operate in urban and metropolitan areas.

SEA currently partners with commercial vehicle OEMs, dealers, operators and upfitters to offer a new range of zero-emission trucks. The company says it’s on schedule to deliver more than 1,000 commercial EVs this year, and expects to have more than 15,000 on the road by the end of 2023.

Fairweather said the collaboration with Exro will focus on using electric truck batteries for energy storage applications. Exro and SEA Electric will co-develop Exro’s Battery Control System (BCS).

Source: Green Car Congress

Comment
Comments
Create Account. Already Registered? Log In

Virtual Conference on EV Engineering: Free to Attend

The sessions from our Fall 2022 Virtual Conference are now available to view on-demand. Register for a session below to watch the recording and download the presentation.

LOAD MORE SESSIONS

EV Engineering Webinars & Whitepapers

EV Tech Explained