MEVCO is electrifying light vehicles, to power a sustainable future
We enable the world’s leading EV technology for light vehicles to be tailored to the needs of the mining sector. We have partnered with SEA Electric to convert brand-new Toyota Hilux and Landcruiser models to all-electric battery-powered vehicles, accelerating the transition a zero-emission future. Through MEVCO, the mining industry can now access the best Electric Light Vehicles, to achieve high performance, low total cost of ownership, and contribute positively to the goal of Net Zero Greenhouse Gases.
How we Started
Mevco is a portfolio company of Resource Capital Funds (RCF), one of the largest Private Equity investors in mining globally. The RCF Jolimont innovation fund invests in high-growth mining equipment, technology and services companies.
Mevco was established in 2022 to respond to market demand for expertise to address all the elements needed for the successful deployment of new technology associated with the electrification of mining fleets. Mevco has been established to be the leading “Systems Integrator” in deploying electric light utility vehicles into Mining fleets.
"Our mission is to revolutionise the mining industry by making sustainable and efficient electric fleets easy to deploy and manage to ensure the safety and well-being of workers and the environment."
CEO & Executive Director
Matt is a seasoned executive with over 40 years of experience in the technology, motor vehicle, and mining industries. Throughout his career, he has demonstrated a strong commitment to delivering high customer value and has a passion for technology.
Matt began his career in the software and telecommunications industries and has since gained a reputation as an inspiring leader with a focus on strategic and process-driven management. Throughout his time in these industries, Matt has successfully led global organisations, managing teams of over 300 people and taking full P&L responsibility for many businesses.
Matt has extensive experience in various functions, including sales, marketing, operations, customer delivery, and infrastructure, and has a track record of leading organizations through complex challenges and ensuring that they are delivering customer value.
Non Executive Director
Lex co-founded Jolimont Capital with Charles, where they both worked together from 2003 to 2012 to complete 30 technology investments. Prior roles include founder and CEO of ADI, a technology seed investor, and CEO of Emerge CMC, a joint venture between Oracle, NEC, Telstra, and four major universities. His mining industry experience includes time as a Mining Engineer at Mt Isa in Queensland.
Non Executive Director
Derek Proudian is a Silicon Valley venture investor, start-up CEO, and entrepreneur.
He has served as the CEO of six venture-capital backed companies, including Zip2 (Elon Musk’s first company, which he sold to Compaq for over $300 million). Mr. Proudian has worked as a general partner at the venture capital firm Mohr Davidow Ventures (MDV), a venture partner at Morgan Stanley Ventures, and as an R&D manager at Hewlett-Packard Labs. As a general partner at MDV he was part of a team credited with delivering $3.5 billion in returns to limited partners from an initial $225 million investment.
As a founding board member, Mr. Proudian has helped shepherd a number of companies to successful exits, including: mSpot, which was sold to Samsung in 2012 for $50 million; Daintree Networks, which was sold to General Electric in 2016 for $100 million; SquareTrade, which was sold to Allstate in January 2017 for $1.4 billion; and Newtrax Technologies, which was sold to Sandvik AB in June 2019 for $70 million.
Board & Advisors
Lyle has 40 years in the mining and processing industry, mostly related to technology commercialization and implementation. He is currently Chair of METS Ignited, the Growth Centre for the METS Sector in Australia. Prior to joining RCF Jolimont, he was CEO of GroundProbe, taking the Company from university research to commercial success as the world leader in mine slope stability monitoring. Lyle has previously held roles with Mount Isa Mines and Rio Tinto. He was EY’s Australian Entrepreneur of the Year in 2006.
Prior to RCF Jolimont, he co-founded Jolimont Capital with Lex, where they both worked together from 2003 through 2012 to complete 30 technology investments. Charles has 21 years of private equity experience working with management teams on financing, restructurings, and marketing. Prior roles include membership of investment committees, consulting, marketing, and corporate advisory.
Andrew is an experienced leader and entrepreneur, with over 20 years’ experience in the mining industry. Prior to joining RCF Jolimont, Andrew was founder, chief executive officer, and director of leading mining technology firm MineWare Pty Ltd. In 2017, Andrew successfully oversaw the acquisition of the MineWare business by Komatsu Ltd.