ECARX
An intelligent traffic assistant for cars.
Launch date
Employees
Market cap
AUD914m
Enterprise valuation
AUD1.2b (Public information from Sep 2024)
Share price
$1.77 ECX
Hangzhou Zhejiang (HQ)
Financials
Estimates*
| CNY | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 2.2b | 2.8b | 3.6b | 4.7b | 5.6b | 7.9b | 10.1b |
| % growth | - | 24 % | 28 % | 31 % | 20 % | 42 % | 27 % |
| EBITDA | (337m) | (903m) | (1.6b) | (815m) | (790m) | (159m) | 308m |
| % EBITDA margin | (15 %) | (32 %) | (44 %) | (17 %) | (14 %) | (2 %) | 3 % |
| Profit | (440m) | (1.2b) | (1.5b) | (940m) | (1.0b) | (474m) | 17.2m |
| % profit margin | (20 %) | (42 %) | (43 %) | (20 %) | (18 %) | (6 %) | - |
| EV / revenue | - | - | 5.5x | 1.7x | 1.1x | 0.8x | 0.7x |
| EV / EBITDA | - | - | -12.6x | -9.5x | -8.0x | -42.6x | 21.8x |
| R&D budget | 706m | 1.2b | 1.2b | 1.3b | - | - | - |
| R&D % of revenue | 32 % | 44 % | 34 % | 27 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | CNY3.0m | Angel | |
$191m Valuation: $1.5b | Series A | ||
$200m Valuation: $2.0b 6.5x EV/LTM Revenues -43.2x EV/LTM EBITDA | Series A | ||
* | $300m Valuation: $3.8b 10.0x EV/LTM Revenues -30.8x EV/LTM EBITDA | SPAC IPO | |
* | $45.0m Valuation: $3.8b 10.0x EV/LTM Revenues -30.8x EV/LTM EBITDA | SPAC Private Placement | |
* | $65.0m | Post IPO Convertible | |
| Total Funding | AUD674m | ||