Meritor invests in electric power system company

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Trucking news and briefs for Wednesday, August 4, 2021:

Meritor invests in electric power system company

Meritor on Tuesday announced an equity investment in SEA Electric Holdings Pty Ltd., a global leader in commercial electric vehicles for urban delivery and logistics.

With global headquarters in Los Angeles, SEA Electric currently partners with commercial vehicle OEMs, dealers, operators and upfitters to deliver a range of zero-emissions trucks with remote mount electrification solutions to the medium and heavy-duty (Class 3-8) commercial vehicle market.

"This collaboration with SEA Electric gives us another path to apply our expertise in electrification solutions for the medium-duty market," said Chris Villavarayan, CEO and president for Meritor.

"Meritor's investment will help us to accelerate global sales efforts and strengthen the delivery and distribution transportation segment for vehicles that operate in urban and metropolitan areas," said Tony Fairweather, president and founder, SEA Electric. "We are excited for Meritor to join us as a strategic investor and shareholder."

SEA Electric is on schedule to deliver more than 500 electric commercial vehicles this year and plans to have more than 15,000 vehicles on the road by the end of 2023.

Boss Shop, Inc. joins Hyundai Translead's Preferred Service Provider program

Boss Shop, Inc. has joined Hyundai Translead's Preferred Service Provider (PSP) program. Hyundai Translead is one of North America's leading trailer manufacturers, and Boss Truck Shops throughout the U.S. will now offer maintenance and warranty services to Hyundai's trailer customers.

"We're excited to partner with such a great trucking industry manufacturer," said Jim Reed, vice-president of Boss Truck Shops. "Being connected to Hyundai Translead's Customer Care Team means we can offer fast, reliable service to Hyundai customers."

"Our goal is to provide customers with the highest standard of quality service," said Ora Edwards, director of warranty at Hyundai Translead. "The network of preferred service providers will make every effort to get our customer's equipment back on the road."