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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.

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