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ECD Automotive Design, Inc. restores, modifies and electrifies classic and collectible automobiles under the ECD Auto Design name. Recurring announcements cover bespoke Land Rover Defender, Range Rover and Jaguar E-Type builds, EV powertrain options, vehicle customization, customer design experiences and product-line expansion into classic Ford Mustangs and Toyota FJ models.
Company updates also include financing for growth initiatives, manufacturing capacity, and the integration of acquired classic muscle-car assets into its restoration and restomod platform.
ECD Auto Design (Nasdaq: ECDA), the world's largest Land Rover and Jaguar restoration company, has secured $2 million in funding from existing stakeholders. This capital injection aims to accelerate growth initiatives in their recently acquired Ford Mustang and Toyota FJ product lines, as well as secure high-value-added licenses to drive higher prices and increase margins.
The company plans to launch a 'Build-To-Sell' model for immediate purchase options and intends to showcase these products in their first retail location, set to open in 2025. CEO Scott Wallace expressed excitement about the funding, highlighting the potential of the classic, luxury restomod industry. ECD Auto Design aims to add new revenue channels and increase capacity utilization within their 100,000 square foot manufacturing facility through a disciplined capital allocation strategy.
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.
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