SEA Electric
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
SEA Electric was a Melbourne-based electric-vehicle drivetrain specialist founded and led by Tony Fairweather, describing itself as a leading automotive and e-mobility technology company providing 100% electric drivetrain systems. It developed the SEA-Drive powertrains for commercial vans and light and medium trucks — including the SEA EV14, SEA EV10 and E4V — and worked with OEMs such as Ford and Detroit Chassis, deploying products across the USA, Canada, Australia, New Zealand, Thailand, Indonesia, India and South Africa with more than three million miles of real-world service. It raised a US$42 million (A$55 million) equity round as it expanded its US footprint.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Commercial operations begin
SEA Electric starts commercial operations from its Dandenong South base in Melbourne, developing SEA-Drive powertrains for vans and trucks.
- Growth and partnerships
The company doubles production volume year over year, passes ~100 vehicles on the road with SEA-Drive powertrains, and partners with Ford/Detroit Chassis in North America.
- Merger with Exro
In April 2024, Calgary-based Exro Technologies closes its acquisition of all SEA Electric shares; SEA Electric becomes an indirect wholly-owned subsidiary and the combined company trades on the Toronto Stock Exchange as Exro.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.