5 Automobile Production Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start An Automobile Production Business

Here are some real life success stories of starting a automobile production business:

1. Elaphe Propulsion Technologies Ltd. ($14.4M/year)

Gorazd Lampič, the founder of Elaphe, was initially pursuing a career in astrophysics when he came across an article about Andrej Detela's vision for in-wheel motors for electric vehicles (EVs). Intrigued by the potential impact of this technology, Lampič reached out to Detela and the two quickly began working together. Now, 20 years later, Elaphe has become a leading provider of in-wheel propulsion systems, working with major carmakers and achieving impressive financial success with a turnover of €15 million and €4 million in EBITDA in 2021.

How much they make: $14.4M/year
How much did it cost to start: $10M
Current team size: 150

My Car Tech Startup Just Reached $14M/Year

Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.

About

Gorazd started Elaphe Propulsion Technologies Ltd. over 17 years ago

Revenue

Gorazd grew the business to $1.2M/month

Costs

It cost Gorazd $10000000 to start the business

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Read by 3,359 founders

2. Right Channel Radios ($3.12M/year)

How much they make: $3.12M/year
Current team size: 11

How To Grow A 7 Figure Dropshipping Business With Pat Haggerty

A case study of how an owner took a dropshipping company for trucks, 4x4, and heavy-duty vehicles to a 7-figure business serving more than 80,000 customers.

About

Pat started Right Channel Radios over 13 years ago

Revenue

Pat grew the business to $260K/month

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Read by 289 founders

Learn more about starting an automobile production business:

Where to start?

-> How much does it cost to start an automobile production business?
-> Pros and cons of an automobile production business

Need inspiration?

-> Examples of established automobile production business

Other resources

-> Automobile production business manufacturers

3. Overlander ($1.92M/year)

How much they make: $1.92M/year
Current team size:

0 To 1 Million In 6 Months Selling Overlanding Gear With Andrew Youderian

Overlander, a newly launched niche online retailer for truck parts and accessories, generated almost a million dollars in just six months and set an ambitious goal to become the go-to source for high-quality equipment within five months, using video content to their advantage.

Revenue

Andrew grew the business to $160K/month

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Read by 640 founders

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Starting An Automobile Production Business: Everything You Need To Know

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