In a 10 month period, the new management of SEV had built up a fleet of 240 BYD electric passenger vehicles in end of December 2022. As of March 2023, SEV have 280 vehicles.

Currently, 95% of the vehicles are leased out to Private Hire Drivers in Singapore predominantly Grab and Gojek

SEV has an integrated centre which has a seating capacity of 200 pax (called “Recess Time”, please click link to view) that provides affordable food, gym and a drivers’ lounge.

Singcharge which is 100% owned by SEV is working with National University of Singapore (“NUS”) to develop a blockchain application which provides data collection on drivers’ behaviour in charging, driving and fatigue management which will be used for energy efficient control, which is currently applying for patent.

This patent involves 5G Skynet Smart Car Cameras where cars use hardware camera device to transmit via 5G networks real time video to the internet cloud and the videos are stitched together to form a real time visual of the road and traffic conditions, including the geo tagging of AI detection of potential road dangers posed by possible accidents and traffic conditions. The AI detected dangers are shared in real time with all cars within the vicinity and alps accessible throughout the global internet with permission.

SEV also collaborate with NUS on 5G IoT and Big data, first data center can be finished by Q4 2023.

SEV’s COO, Mr. Steven Kwek briefed Mrs. Josephine Teo, Minister for Communications and Information of Singapore, about SEV-NUS AI program.​

SEV has also setup a Joint Venture with a Thai entity that is listed on the Thai Stock Exchange for sales and leasing of Sokon electric vans, two-wheelers electric bikes and installation of fast charging stations and battery swaps facilities.

SEV’s COO, Mr. Steven Kwek with Mr. Prapat Rathlertkarn, President and CEO of Planet Communications Asia PLC, sign share purchase agreement for Thailand JV.​