SEA Electric is converting medium-duty trucks and commercial vans into electric vehicles. The technology allows adaptation to most van and light/medium duty truck platforms. It is suited to vehicles, which travel relatively fixed and known route distances, that return to base for overnight charging. The electric vehicles will perform express freight, general delivery and waste collection duties around Australia.
CEFC committed AU$5 million in debt finance to help the business take its next growth step, enabling it to purchase components for its next business orders. As the cost of lithium ion reduces, SEA Electric expects heavy duty trucks and buses to become economically viable as well.