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LOS ANGELES, March 09, 2021 (GLOBE NEWSWIRE) Following substantial growth in new markets, global automotive technology company SEA Electric Holdings Pty .
Sea Electric LLC: Sea Electric Holdings Pty Ltd. Completes US$42 Million Equity Financing
LOS ANGELES, March 09, 2021 (GLOBE NEWSWIRE) Following substantial growth in new markets, global automotive technology company
SEA Electric Holdings Pty Ltd. (SEA Electric), announced it has closed initial private placement equity financing 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 whilst funding its considerable backlog and facilitating more pilot programs with operators.
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With a global headquarters and key leadership in Los Angeles, SEA Electric currently has operations in five countries and more than one million miles of independent Original Equipment Manufacturer ( OEM ) testing and in-service operation in all markets.
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New Delhi: The much-awaited Army trials for nearly 41,000 light machine guns (LMGs), under the Make in India initiative, has been delayed again as Reliance Armament of Anil Ambani has sought more time to showcase its weapon, ThePrint has learnt.
While trials for the 7.62X51 mm belt-fed LMGs were to begin from 22 February, they have now been postponed to April due to Reliance Armament. The new LMGs are to replace the 5.56x45mm INSAS LMG, which is a derivative of the INSAS assault rifle.
Sources in the defence and security establishment said this is not the first time that Reliance has sought an extension. Sources said Reliance Armament wrote to the Army in February seeking more time to showcase the weapon, which the company says is an indigenous one.
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