SEA Electric highlights pull of international expansion


Fairweather notes attractions of Europe along with US consolidation

SEA Electric highlights pull of international expansion
Tony Fairweather, fourth from the left, with his LA employees and US vehicles

 

With overseas developments making more headlines for the company, battery propulsion firm SEA Electric acknowledges its international momentum is increasing.

While insisting that SEA Electric’s roots will always remain in Australia, along with various manufacturing and technology capabilities, the company states that its US growth "brings an advantage that can later be replicated in Europe, as well".

The admission comes as the company expands the leadership team in its US-based global headquarters with the recent management additions of chief strategy officer Mike Menyhart and general counsel and corporate secretary Katie LaVoy.  


Read about SEA Electric’s move to local truck assembly, here


"The sheer size of the opportunities before us, which began in Australia and the Pacific region, are exponentially growing within the US and European markets," president and founder Tony Fairweather says.

"We have an extremely compelling story to tell, from the solid foundation of the technology and people behind us in our original home in Australia to those who are joining our journey worldwide.

"We are anxious for the future and the positive direction it holds."

Soon after its recent US$42 million (A$55 million) equity financing announcement, SEA Electric also closed its latest purchase of 1,000 electric vehicle batteries from long-time technology partner Soundon New Energy Technology, a leading Chinese leading environmental protection industry enterprise.

While most of the initial units are slated for the US, the balance is expected to go to SEA Electric inventories in Australia, New Zealand and Southeast Asia, as well as the company’s first entry into the European market.

On the new recruits, the company says both executives secure a strong Midwest presence, bridging SEA Electric’s national expanse which already includes the West Coast, an innovation centre in Iowa and plans to build a presence in the greater New York area.

    

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