Phoenix Cars LLC
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Phoenix Cars LLC - overview
Established
2009
Location
Anaheim, CA, US
Primary Industry
Electronics
About
Phoenix Cars LLC, founded in 2009 and based in Anaheim, California, specializes in the development of electric vehicles, focusing on sustainable transport solutions for urban and industrial applications. Phoenix Cars LLC operates under the brand name PhoenixEV, which highlights their commitment to electric vehicle technology. Founded by dedicated entrepreneurs, the company has maintained its focus on sustainability and innovation since its inception. Their headquarters is located in Anaheim, California, where they have established a significant manufacturing presence.
The founder has a history in the automotive sector, contributing to the strategic vision for the company. Recent funding rounds have supported their growth initiatives, enabling PhoenixEV to expand their operations and product offerings without being tied to a parent company or subsidiary. PhoenixEV specializes in the development and manufacturing of electric drivetrains, offering a range of all-electric vehicles including transit buses, medium-duty shuttles, flatbed trucks, work trucks, and school buses. Their flagship products consist of the ZX5 Transit Bus and various models of the Z-500 series such as service trucks, box trucks, flatbed trucks, dump trucks, and school buses.
These vehicles are designed to provide zero-emission transportation solutions, addressing the growing demand for sustainable options in urban and industrial settings. The end users of PhoenixEV's products include airport parking companies, municipalities, corporate fleets, and various government agencies across North America. The company’s vehicles are engineered for efficiency and reduced maintenance, making them a viable alternative to traditional combustion-powered vehicles. Additionally, their acquisition of the transit bus division of Proterra has bolstered their presence in the market, allowing them to deploy over 1,200 electric vehicles in cities across North America.
PhoenixEV generates revenue primarily through direct sales of their electric vehicles and associated services to business and government clients. Transactions typically involve B2B dealings, where municipalities, corporations, and agencies purchase vehicles such as the ZX5 Transit Bus and Z-500 series for their operational fleets. The company offers a structured pricing model that may include bulk purchasing agreements and financing options tailored to institutional buyers. This model allows for long-term partnerships where clients invest in sustainable transportation solutions while benefiting from reduced operating costs compared to traditional fuel vehicles.
Additionally, PhoenixEV provides maintenance services and telematics solutions to enhance vehicle performance and customer satisfaction, further contributing to revenue streams. PhoenixEV plans to launch new electric vehicle models in the upcoming years, focusing on expanded offerings within the electric bus and commercial vehicle segments. They are targeting to enter new markets, particularly on the East Coast of the United States, by 2025. Recent funding will be utilized to support the development of new products and infrastructure enhancements to facilitate this expansion.
Primary Industry
Electronics
Sub Industries
Environmental Services
Website
www.phoenixmotorcars.com
Verticals
Electric & Hybrid Vehicles
Total Amount Raised
Subscriber access only
Phoenix Cars LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Altergy Systems | - |
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Phoenix Cars LLC - employee data


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