E-SCOOTERS . Riding it out on the Electric Slide Express

Delivering Facility on all Fronts: A fast-growing electric bike producer was long on sales and short on history. They went looking for a facility but needed a partner to deliver financial stability and sound advice on risk and growth.

ETC delivered on every definition of “facility” by providing AR advance and PO funding facilities to support working capital needs, while also making the client’s job easier by taking over their AR collections and credit protection. Given the nature of the client’s product, ETC required the client to obtain a product recall insurance policy and extensive testing and inspections on their products.

Further Growth & Expansion:
As of 2023, supported by ETC’s financial solutions and consultative, risk-mitigating approach, the client experienced and successfully navigated the highs and lows of rapid growth. As they grew from $500k in annual sales to over $2MM, they continued to put safety and design at the forefront of their product development. Armed with ETC’s facilities, the client now has more time and resources to focus on delivering value to the consumer while ETC manages its finances and risk to ensure the optimal balance for navigating growth.