Automobile Restoration
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ECD Automotive Design Announces Agreement to Increase Factory Utilization and Drive Fixed-Cost Absorption
Globenewswire· 2025-12-12 14:21
Core Insights - ECD Automotive Design, Inc. has signed an agreement to take over select builds from a regional 4x4 restoration shop in southern New England, enhancing its production capacity and operational efficiency [1][2] Company Overview - ECD is the largest Land Rover and Jaguar restoration company globally, known for custom luxury builds including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][3] - The company operates a 100,000-square-foot facility in Kissimmee, Florida, employing 98 staff, including 67 skilled craftsmen with a total of 66 ASE certifications and three master-level certifications [3] Strategic Objectives - The primary objective post-IPO has been to fill production capacity to achieve cash-flow breakeven, leveraging advanced facilities and skilled workforce [2] - The collaboration with regional builders is expected to absorb incremental volume efficiently, providing both parties with benefits in craftsmanship and capacity [2] Financial Implications - By committing at least 10% of production capacity to this new collaboration, ECD anticipates adding a minimum of 20 units per year to its backlog, which is expected to improve cost structure and unit economics [2]
ECD Automotive Design Secures $500M Equity Facility to Fund a Bitcoin Treasury
Globenewswire· 2025-06-23 12:31
Core Insights - ECD Automotive Design, Inc. has signed a $500 million equity facility to implement a Bitcoin treasury strategy and support growth initiatives [1][3][6] - The company aims to engage the Bitcoin and digital asset communities, offering incentives for customers who purchase vehicles with Bitcoin [2][6] Financial Strategy - The proceeds from the $500 million facility will be used to acquire Bitcoin for the corporate treasury and fund general corporate purposes [3][6] - The company has the discretion to issue and sell up to $500 million in newly issued shares, with no obligation to draw on the facility [3][4] Customer Engagement - ECD plans to attract customers from the digital asset community by offering a $21,000 credit for vehicle upgrades to the first 21 customers who purchase a vehicle using Bitcoin [2][6] - The initiative reflects the company's confidence in the long-term potential of digital assets and aims to create value for shareholders and customers [3] Company Overview - ECD Automotive Design specializes in restoring luxury vehicles, including Land Rover and Jaguar models, and has a bespoke vehicle production process [5] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing skilled craftsmen [5]