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ECD Auto Design, known for luxury builds, integrates cutting-edge EV powertrains into classic Mustangs, highlighting innovation and customization. The Mustang EV model offers a range of powertrain configurations, fast charging, cruise control, changeable drive modes, and an interactive touchscreen display.
ECD Auto Design (ECDA) announced its 2023 financial results, showcasing a 22.5% revenue increase to $15.1 million and a 150% rise in gross profit to $4.2 million. The company also achieved an adjusted EBITDA of $1.1 million and reiterated its 2024 revenue expectation of $33 million, a 118% jump over 2023. The recent acquisition of Brand New Muscle Car assets further expands ECD's product line. Despite a net loss of $(1.6) million, ECD remains optimistic about its profitable growth strategies, focusing on production efficiency, market consolidation, and branding in the luxury classic car sector.
ECD Auto Design, the world's largest Land Rover and Jaguar restoration company, expands product line to include classic Ford Mustangs after acquiring Brand New Muscle Car assets. This marks a significant milestone as ECD's first American build. Each Mustang is fully customizable with over 2 million configurations, reflecting clients' unique styles. The company promises unparalleled craftsmanship and dedication to excellence in creating one-of-a-kind masterpieces.
