Core Insights - ECD Auto Design has secured $2 million in funding from existing stakeholders to accelerate growth in its newly acquired Ford Mustang and Toyota FJ product lines, aiming to enhance pricing and margins through high-value licenses [1][2] - The company plans to introduce a "Build-To-Sell" model for clients seeking immediate purchases, with products to be showcased in a new retail location set to open in 2025 [1][2] Company Overview - ECD Auto Design, trading under the ticker ECDA on Nasdaq, specializes in restoring luxury vehicles, combining classic aesthetics with modern performance [2] - The company restores various models including Land Rover Defenders, Range Rover Classics, Jaguar E-Types, and recently added Ford Mustangs, with each vehicle being custom-built over approximately 2,200 hours by certified craftsmen [2] - Founded in 2013, ECD operates from a 100,000 square foot facility in Kissimmee, Florida, employing 90 skilled craftsmen and technicians, and has a logistics center in the U.K. for sourcing vehicles [2]
ECD Auto Design Announces Funding for Growth Initiatives