Phoenix Motorcars

Ontario, United States Founded: 2002 • Age: 24 yrs Acquired By Al Yousuf
Light and medium-duty electric vehicles are developed for commercial fleets.
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About Phoenix Motorcars

Phoenix Motorcars is a company based in Ontario (United States) founded in 2002 was acquired by Al Yousuf in June 2010.. The company has 159 employees as of December 31, 2024. Phoenix Motorcars offers products and services including ZX5 Transit Bus, Z-400 Shuttle Bus, Z-500 Service Truck, Z-500 Box Truck, and Z-500 Flatbed Truck. Phoenix Motorcars operates in a competitive market with competitors including Ayro, Waev, MOKE International, Addax Motors and evTS, among others.

  • Headquarter Ontario, United States
  • Employees 159 as on 31 Dec, 2024
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Phoenix Motor Inc.
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions
Key Metrics
  • Annual Revenue
    $31.15 M
    897.89
    as on Dec 31, 2024
  • Net Profit
    $7.93 M
    138.42
    as on Dec 31, 2024
  • EBITDA
    $-23.92 M
    -76.8
    as on Dec 31, 2024
  • Latest Funding Round
  • Investors
  • Employee Count
    159

    as on Dec 31, 2024

  • Acquired by
    Al Yousuf

    (Jun 22, 2010)

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IPO & Listings of Phoenix Motorcars

Phoenix Motorcars is a publicly listed company on the OTC with ticker symbol PEVM in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: OTC · Ticker: PEVM . Sector: Consumer durables · USA

Products & Services of Phoenix Motorcars

Phoenix Motorcars offers a comprehensive portfolio of products and services, including ZX5 Transit Bus, Z-400 Shuttle Bus, Z-500 Service Truck, Z-500 Box Truck, and Z-500 Flatbed Truck. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Zero-emission electric bus for public and urban transportation needs.

Electric shuttle for airport and corporate transport services.

Medium-duty electric truck for utility and maintenance tasks.

Electric box truck for delivery and logistics operations.

Electric flatbed for hauling and industrial applications.

Electric dump truck for construction and material transport.

Zero-emission electric bus for student and community transport.

People of Phoenix Motorcars
Headcount 10-50
Employee Profiles 8
Board Members and Advisors 6
Employee Profiles
People
Devin Ikenberry
Sr Bid Manager
People
Vinny Stipo
General Manager
People
Lance Zhou
CEO
People
Lauren Cochran Scoville
Vice President Of Sales And Bid Administration

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Board Members and Advisors
people
Denton Peng
Director
people
John F. Perkowski
Director
people
Zhenxing Fu
Director
people
Steve Stivers
Director

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Funding Insights of Phoenix Motorcars

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2023 Amount Post-IPO - Phoenix Motorcars Valuation

investors

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 Phoenix Motorcars

Phoenix Motorcars has secured backing from 1 investor. Prominent investors backing the company include Al Yousuf. 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
Diversified conglomerate operating across multiple industries
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 Phoenix Motorcars

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 - Phoenix Motorcars

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

Phoenix Motorcars Comparisons

Employees
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Competitors of Phoenix Motorcars

Phoenix Motorcars 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 Ayro, Waev, MOKE International, Addax Motors and evTS, 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 utility vehicles are manufactured for various sectors by Ayro.
domain founded_year HQ Location
Blockchain platform for secure data storage and sharing is offered.
domain founded_year HQ Location
Developer of electric utility vehicles
domain founded_year HQ Location
Electric utility vehicles are developed for urban and industrial applications.
domain founded_year HQ Location
Manufacturer of commercial utility vehicles and cloud-enabled fleet management solutions
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.

Latest news on Phoenix Motorcars

Frequently Asked Questions about Phoenix Motorcars

When was Phoenix Motorcars founded?

Phoenix Motorcars was founded in 2002 and raised its 1st funding round 21 years after it was founded.

Where is Phoenix Motorcars located?

Phoenix Motorcars is headquartered in Ontario, United States. It is registered at Ontario, California, United States.

Who is the current CEO of Phoenix Motorcars?

Emad Fakhoury is the current CEO of Phoenix Motorcars.

How many employees does Phoenix Motorcars have?

As of Dec 31, 2024, the latest employee count at Phoenix Motorcars is 159.

What is the annual revenue of Phoenix Motorcars?

Annual revenue of Phoenix Motorcars is $31.15M as on Dec 31, 2024.

What does Phoenix Motorcars do?

Phoenix Motorcars was founded in 2002 and is based in Ontario, United States. Operations focus on the electric vehicle sector, where light and medium-duty all-electric vehicles are developed for commercial and government fleet customers. Products including vehicles, forklifts, and chargers are offered as part of the platform. Services target fleet electrification needs in the transportation industry.

Who are the top competitors of Phoenix Motorcars?

Phoenix Motorcars's top competitors include Ayro, MOKE International and Addax Motors.

What products or services does Phoenix Motorcars offer?

Phoenix Motorcars offers ZX5 Transit Bus, Z-400 Shuttle Bus, Z-500 Service Truck, Z-500 Box Truck, and 3 more products and services.

Is Phoenix Motorcars publicly traded?

Yes, Phoenix Motorcars is publicly traded on OTC under the ticker symbol PEVM.

Who are Phoenix Motorcars's investors?

Phoenix Motorcars has 1 investor. Key investors include Al Yousuf.

What is Phoenix Motorcars's ticker symbol?

The ticker symbol of Phoenix Motorcars is PEVM on OTC.

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