An Australian company that planned to provide electric utes to the mining industry has gone under, owing millions of dollars.
Mining Electric Vehicle Company, known as MEVCO, established in 2022, had planned to convert Toyota HiLux and LandCruiser utes to battery power.
Last year, the company announced a partnership with US electric vehicle company Rivian and imported left-hand-drive R1T pickups for use at Australian mines.
However documents lodged with ASIC show the firm entered administration on September 10, 2025.
Fortescue, one of the world’s largest iron ore producers, is listed as a client of MEVCO, but said the vehicles it received were not suitable.
‘Fortescue engaged MEVCO to trial three Rivian R1T vehicles for operational assessment within our Pilbara mining operations over a six-month period in 2025,’ a Fortescue spokesperson told Drive.com.au.
‘Following performance testing, Fortescue determined not to proceed with further deployment of the vehicles,’ said the spokesperson.
Documents show 14 individuals are owed $489,102.78, and some still identify as MEVCO employees on LinkedIn.
A further 50 creditors are owed more than $13million, plus $2.9million to four secured creditors.
Mining Electric Vehicle Company, known as MEVCO, established in 2022, had planned to convert Toyota HiLux and LandCruiser utes to battery power
The company has collapsed, owing millions of dollars
