KISSIMMEE, Fla., Aug. 14, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ: ECDA) (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced that it has exchanged $10 million of outstanding convertible promissory notes for 15,000 newly issued shares of ECD’s Series C Convertible Preferred Stock. In addition, the Company has completed ...

Company Overview - ECD Automotive Design is a public company trading under ECDA on the Nasdaq, specializing in the creation of restored luxury vehicles that blend classic aesthetics with modern performance [8] - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles [8] - ECD operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with a combined total of 80 ASE certifications and five master-level certifications [8] Project Pearl Introduction - Project Pearl is a custom-built Defender 110 Signature that combines British heritage with American performance and comfort, featuring a GM LT1 V8 engine producing 455 horsepower [2][7] - The vehicle is designed for owners in Washington State and is characterized as a statement piece with unique features such as 20-inch Kahn Retro Mondial wheels and custom silver metal hardware [4] Design and Features - Project Pearl showcases a sophisticated design with a fully body-colored roll cage, French Oak wood inserts, and a luxurious cabin wrapped in Porsche Nappa Cream leather [3][5] - The vehicle includes modern amenities such as wireless CarPlay, heated seats, Bluetooth audio, and blind spot assistance, making it suitable for daily driving while retaining its rugged character [5] Craftsmanship and Customization - Each ECD build, including Project Pearl, is handcrafted with meticulous attention to detail, taking approximately 2,200 hours to complete by master-certified craftsmen [8] - Custom features include a satin finish on wood grain accents, German square weave carpet, and a variety of luxury touches that elevate the vehicle's overall aesthetic [6][7]

Company Overview - ECD Automotive Design is a public company trading under the ticker ECDA on Nasdaq, specializing in the creation of restored luxury vehicles that blend classic aesthetics with modern performance [10] - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles, with each vehicle being bespoke and hand-built over 2,200 hours by master-certified craftsmen [10] - ECD's headquarters is located in Kissimmee, Florida, featuring a 100,000-square-foot facility with 105 employees, including those with 80 ASE certifications and five master-level certifications [10] Product Highlight: Project Wilder - Project Wilder is a hand-crafted California Land Rover Station Wagon, designed to deliver over 700 horsepower and is ECD's most powerful off-road build to date [2][4] - The vehicle features a supercharged GM Blueprint V8 engine, a 6-speed Magnum T56 manual transmission, and a Borla Sport dual exhaust system, allowing for customizable sound [4][9] - The exterior design includes Eastnor Green paint with Nara Bronze accents, 20-inch Kahn Mondial Retro wheels, and a robust chassis coated in Raptor Liner for durability [3][5][9] Interior Features - The interior of Project Wilder is characterized by luxury, featuring Buffalo Distressed Cuoio leather, Sapele walnut wood trim, and RECARO Orthopeds seats for exceptional comfort [6][7] - Advanced technology includes a panoramic roof, premium audio systems, and modern connectivity features such as CarPlay and digital mirrors [7][9] - Custom elements like a NARDI Kallista wooden steering wheel and handmade controls enhance the vehicle's unique craftsmanship [6][9] Market Positioning - Project Wilder is positioned as a high-end, bespoke vehicle aimed at clients seeking more than just a standard off-road experience; it is marketed as a collector's piece or a dream vehicle [5][8] - The vehicle combines raw power with refined details, appealing to a niche market that values both performance and luxury [8]

Core Insights - ECD Automotive Design, Inc. is enhancing operational efficiency and optimizing working capital to strengthen its financial position [1][2] - The company is committed to disciplined growth and has completed a comprehensive review of its cost structure and capital allocation [2] - ECD focuses on sustainable value creation and will continue to seek opportunities to improve efficiency and cash position [2] Operational Initiatives - A holistic bottoms-up cost savings analysis has been conducted to identify and eliminate unnecessary expenditures [5] - The company has identified opportunities to enhance working capital velocity through a strategic review of inventory management practices [5] - ECD has negotiated a waiver with existing lenders, resolving defaults and securing a 12-month grace period from debt service obligations [5] Company Overview - ECD Automotive Design is a public company trading under the ticker ECDA on Nasdaq, specializing in restored luxury vehicles [3] - The company restores various classic vehicles, including Land Rover Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [3] - ECD was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 67 craftsmen and technicians [3]

Core Insights - ECD Automotive Design is enhancing the classic Defender experience through interior upgrades in partnership with German seat manufacturer Scheel-Mann, focusing on comfort, space, and luxury [3][9]. Group 1: Key Enhancements - The introduction of bespoke Scheel-Mann seating, including the Traveller F series front seat known for its long-haul comfort and orthopedic-grade ergonomics, is now available on ECD builds [5]. - The Scheel-Mann LRD Edition features lift-up seat cushions for easy access to the factory battery and toolboxes, improving roadside service efficiency [6]. - Redesigned center consoles now include integrated cup holders, wireless chargers, and lockable compartments, enhancing functionality and comfort [7]. Group 2: Cabin Optimization - Modifications to the floorplan allow front seats to shift significantly rearward, improving comfort for both drivers and passengers while maintaining rear capacity [8]. - The re-engineered rear tub layout enhances middle-row accessibility and overall cabin flow, addressing long-standing comfort issues [8]. Group 3: Company Overview - ECD Automotive Design, trading under NASDAQ: ECDA, specializes in restoring luxury vehicles, combining classic aesthetics with modern performance [10]. - Each vehicle is bespoke, designed by clients through a luxury design experience, and hand-built over 2,200 hours by master-certified craftsmen [10]. - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers [10].