Sea Electric Holdings Pty Ltd. Completes US$42 Million Equity Financing
Vinson & Elkins advised global automotive technology company SEA Electric Holdings Pty Ltd. in its private placement of Series A Preferred Shares 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 while funding its considerable backlog and facilitating more pilot programs with operators.
The V&E corporate team was led by partner Creighton Smith and associate Olivia Espy Huntington, with assistance from partner Kaam Sahely and associate Alan Albrecht.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.