Echo Automotive, Inc.
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Echo Automotive, Inc. - overview
Established
2008
Location
Scottsdale, AZ, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Echo Automotive, Inc. specializes in developing innovative automotive solutions that enhance vehicle efficiency and performance, with a strong focus on sustainability and cost-effectiveness. Founded in 2008 and headquartered in Scottsdale, US, Echo Automotive, Inc. operates as an independent company focusing on automotive technology.
The firm has undergone changes in its operational strategy to adapt to market demands. In June 2013, Echo raised USD 0. 2 mn in a VENTURE DEBT funding round led by Emerald Private Equity Fund, marking them as an investment target. The company has executed a single deal since its foundation, with its most recent deal occurring on June 27, 2013.
Echo Automotive, Inc. primarily offers advanced automotive solutions aimed at enhancing vehicle efficiency and sustainability. Their product range includes innovative systems for vehicle electrification, conversion kits, and consultative services designed to assist automotive manufacturers and consumers in reducing carbon footprints and improving operational performance. Their clientele features automotive manufacturers and eco-conscious consumers across North America, Europe, and Asia-Pacific, providing tailored solutions to meet diverse mobility needs.
In 2013, Echo Automotive, Inc. reported a revenue of USD 3,100,000 with an EBITDA of USD -5,744,223, reflecting the company's performance during that fiscal year. Their revenue model includes a mix of sales and service contracts associated with their technology solutions. Echo Automotive, Inc.
aims to launch new automotive solutions that enhance electric vehicle performance and efficiency by the end of 2014. The company is targeting expansion into the European market, particularly in Germany and the UK, by 2015. The recent VENTURE DEBT funding of USD 0. 2 mn will be utilized to support product development and market entry strategies, ensuring alignment with the growing demand for sustainable transportation solutions.
Current Investors
Emerald Private Equity Fund
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.echoautomotive.com
Total Amount Raised
Subscriber access only
Echo Automotive, Inc. - financials
| Fiscal Year Ended | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 |
|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - |
| EBITDA (USD) | - | (47,817) | (24,219) | - | - | - |
| Operating Income (USD) | - | (47,817) | (24,219) | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - |
| NET Income (USD) | (21,605) | (47,817) | (24,219) | - | - | - |
| % Net Margin | - | - | - | - | - | - |
Echo Automotive, Inc. - employee data
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