SEA Electric
SEA Electric was a privately-held Australian company that assembled and electrified commercial vehicles for global fleet and OEM customers, raising roughly $96.5 million before its website went inactive.
- Company typePrivate
- Founded2013
- HeadquartersDandenong, Australia
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What SEA Electric does
SEA Electric Inc. was a privately-held Australian company, headquartered in Dandenong, that specialized in the assembly and electrification of electric commercial vehicles for global markets. Founded in 2013, the company positioned itself as a powertrain conversion and EV assembly provider targeting commercial fleet customers, operating with a headcount of 51–100 employees at its active scale.
The business model centered on converting or assembling commercial vehicles into electric drivetrain configurations for fleet operators and OEMs, with a stated global footprint and an explicit Americas-region leadership seat (President – Americas) indicating intent to address North American commercial fleet markets. The company raised approximately $96.5 million across five documented funding events between 2017 and 2024, with early backing from Clean Energy Finance Corporation (an Australian government-backed green financier) and later involvement from Virescent Ventures. Capital events of ~$42M (March 2021) and ~$40.6M (June 2022 equity filing) represented the bulk of growth financing.
As of the most recent data, SEA Electric's website (sea-electric.com) is parked and inactive on GoDaddy, no revenue is disclosed, and there are no documented active customers, products, partnerships, or marketing channels. The operating status is flagged as closed, and the absence of any active digital presence, product documentation, or recent commercial milestones indicates the company is no longer operating as an independent going concern, or is in severe distress, despite a small residual capital event in January 2024.
SEA Electric firmographics
Firmographics- Name
- SEA Electric
- Legal name
- SEA Electric Inc.
- Website
- https://sea-electric.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Closed
- Headcount range
- 51–100 employees
- Short description
- SEA Electric was a privately-held Australian company that assembled and electrified commercial vehicles for global fleet and OEM customers, raising roughly $96.5 million before its website went inactive.
- Ownership category
- akta.pro rank
SEA Electric industry classification
Industry- Product category
- Electric Commercial Vehicles
- NAICS
- Motor Vehicle Manufacturing (3361), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320)
- SIC
- Miscellaneous Transportation Equipment (3790), Electrical Industrial Apparatus (3620), Engines & Turbines (3510), Motors & Generators (3621)
- akta.pro primary industry
- Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)
- akta.pro secondary industry
- Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ)
Keywords
Where SEA Electric is headquartered
LocationHeadquarters
- HQ city
- Dandenong
- HQ country
- Australia
- HQ region
- Oceania
Markets served
SEA Electric business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations
SEA Electric product offering
Product offeringCore offering
SEA Electric specialized in the assembly and electrification of electric commercial vehicles worldwide. The company focused on converting commercial vehicles to electric powertrains, targeting fleet operators and OEMs. Its operations centered on integrating electric drivetrain systems into commercial vehicle platforms for zero-emission transport applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Commercial Vehicle Assembly & Electrification
Companies that use SEA Electric
Customer profileIdeal customer profiles1 record
SEA Electric technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SEA Electric partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights3 records
SEA Electric competitors and assessment
Company assessmentDirect peers
- Xos Trucks: Xos Trucks is a US-based manufacturer of Class 5-8 electric commercial vehicles. It directly competes with SEA Electric in the medium- and heavy-duty commercial EV space, serving fleet operators with purpose-built electric trucks.
- Lightning eMotors: Lightning eMotors electrifies medium- and heavy-duty commercial vehicles, including Class 3-7 vans, trucks, and specialty vehicles. It is a direct competitor to SEA Electric in the commercial vehicle electrification market.
- Workhorse Group: Workhorse Group manufactures electric delivery trucks and drones for last-mile delivery. It competes with SEA Electric in the light- and medium-duty commercial EV segment, targeting fleet and logistics customers.
- Volta Trucks: Volta Trucks developed the Volta Zero, a purpose-built electric truck for urban logistics. It competes directly with SEA Electric in the medium-duty commercial EV segment, although Volta has undergone significant restructuring in recent years.
- Arrival: Arrival (formerly Arrival Ltd) developed electric vans and buses for commercial fleets. It is a direct peer to SEA Electric in the commercial vehicle electrification space, though Arrival has also faced financial difficulties.
- Orange EV: Orange EV manufactures electric terminal trucks (yard tractors) for port and distribution center operations. It is a smaller but direct competitor to SEA Electric in the commercial vehicle electrification niche.
Emerging players
- Proterra: Proterra manufactures electric buses and commercial vehicle powertrains. While focused primarily on transit buses, its powertrain and battery technology is comparable to SEA Electric's commercial vehicle electrification focus.
Broad incumbents
- BYD Auto: BYD is a major Chinese automaker with significant commercial vehicle operations (electric trucks, buses, vans). It competes broadly with SEA Electric in commercial EV markets and has the scale advantage of a large established manufacturer.
- Daimler Truck (eMobility): Daimler Truck has launched electric versions of its Freightliner and Fuso commercial vehicles. As a major OEM, it represents a broad incumbent competing with SEA Electric across the commercial vehicle market.
Others
- Geotab: Geotab provides fleet telematics and EV fleet management software. While not a direct vehicle manufacturer, it serves the same commercial fleet customers as SEA Electric and is an enabling/adjacent player in the EV fleet ecosystem.
Market position
Strengths3 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
SEA Electric social profiles
Digital presenceSEA Electric financial estimates
Financial estimateRevenue estimate
Valuation estimate
SEA Electric leadership team
Management profileNumber of profiles
Profiles3 records
SEA Electric funding detail
Funding detailFunding overview
Funding rounds5 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SEA Electric M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SEA Electric
What does SEA Electric do?
SEA Electric specialized in the assembly and electrification of electric commercial vehicles worldwide. The company focused on converting commercial vehicles to electric powertrains, targeting fleet operators and OEMs. Its operations centered on integrating electric drivetrain systems into commercial vehicle platforms for zero-emission transport applications.
Is SEA Electric a public or private company?
SEA Electric is a private company. It is classified as venture growth investor backed and is currently closed.
When was SEA Electric founded?
SEA Electric was founded in 2013. It employs 51 to 100 people.
Where is SEA Electric based?
SEA Electric is headquartered in Dandenong, Australia, in the Oceania region.
Who are SEA Electric's main competitors?
Direct peers on record are Xos Trucks, Lightning eMotors, Workhorse Group, Volta Trucks, Arrival and Orange EV. Proterra is listed as an emerging player. Broad incumbents are BYD Auto and Daimler Truck (eMobility). Geotab is listed as an others.
Does SEA Electric have an API?
No public API is recorded for SEA Electric.
What industry is SEA Electric in?
SEA Electric's product category is Electric Commercial Vehicles. Its primary akta.pro industry code is IMACABAK, Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells), with a secondary code of IMACAHAJ, Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules). Its NAICS code is 3361 and its SIC code is 3790.