ElectraMeccanica

Huntington Beach, United States Founded: 2015 • Age: 11 yrs Acquired By Xos
Three-wheeled single-seat electric vehicles are manufactured for urban mobility.
Request Access

About ElectraMeccanica

ElectraMeccanica is a company based in Huntington Beach (United States) founded in 2015 was acquired by Xos in January 2024.. The company has 34 employees as of January 31, 2024. ElectraMeccanica operates in a competitive market with competitors including Polestar, NIO, Tesla, Fisker and Beijing Che Lixing Information Technology, among others.

  • Headquarter Huntington Beach, United States
  • Employees 34 as on 31 Jan, 2024
  • Sectors
    Transportation, Automotive & Logistics
  • Phone
    *********
  • Website
    *********
  • Legal Name Electrameccanica Vehicles Corp.
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions
Key Metrics
  • Annual Revenue
    $608.43 K
    -91
    as on Dec 31, 2023
  • Net Profit
    $-57.58 M
    53
    as on Dec 31, 2023
  • EBITDA
    $-55 M
    50
    as on Dec 31, 2023
  • Latest Funding Round
  • Investors
  • Employee Count
    34

    as on Jan 31, 2024

  • Acquired by
    Xos

    (Jan 11, 2024)

Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • Full access to every database India & global coverage, advanced filters and rich profile details
  • Always-on access from your team account Single premium plan for everything you see on the portal

Funding Insights of ElectraMeccanica

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in ElectraMeccanica

ElectraMeccanica has secured backing from 1 investor. Prominent investors backing the company include Xos. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Manufacturer of electric trucks
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by ElectraMeccanica

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - ElectraMeccanica

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Electrameccanica Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of ElectraMeccanica

ElectraMeccanica operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Polestar, NIO, Tesla, Fisker and Beijing Che Lixing Information Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Electric vehicles are manufactured and developed by Polestar.
domain founded_year HQ Location
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
domain founded_year HQ Location
Electric vehicles and solar energy products are manufactured.
domain founded_year HQ Location
Electric vehicles are manufactured and leased by Fisker Inc.
domain founded_year HQ Location
Electric SUVs are manufactured in Beijing, China.
domain founded_year HQ Location
Multi-category electric vehicles and robots are manufactured by Segway-Ninebot.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Frequently Asked Questions about ElectraMeccanica

When was ElectraMeccanica founded?

ElectraMeccanica was founded in 2015.

Where is ElectraMeccanica located?

ElectraMeccanica is headquartered in Huntington Beach, United States. It is registered at Huntington Beach, California, United States.

How many employees does ElectraMeccanica have?

As of Jan 31, 2024, the latest employee count at ElectraMeccanica is 34.

What is the annual revenue of ElectraMeccanica?

Annual revenue of ElectraMeccanica is $608.43K as on Dec 31, 2023.

What does ElectraMeccanica do?

ElectraMeccanica was founded in 2015 in Huntington Beach, United States, where operations focus on the automotive sector, specifically the production of three-wheeled single-passenger electric vehicles. These cars are designed with a 100-mile range, a full charge in 2.5 hours using a 220V charger, and a weight of 4,200 pounds. The companys activities emphasize efficient, compact electric transportation solutions accessible via emvauto.com.

Who are the top competitors of ElectraMeccanica?

ElectraMeccanica's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.

Who are ElectraMeccanica's investors?

ElectraMeccanica has 1 investor. Key investors include Xos.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available