This post brought to you by Echo Automotive. All opinions are 100% mine.
Looking for a better environment safe vehicle? Something cheaper and more sufficient? There’s a new hybrid vehicle solution in town, and it’s going to change the way consumers think about – and buy – fuel efficient cars.
Let me introduce you – EchoDrive, the technology being tested by Echo Automotive, Inc., company headquartered in Auckland, New Zealand, that works in the manufacturing of its specialized cost reduction technology.
EchoDrive is the company’s flagship product launched in late 2012 as an integrated hybrid system aimed at converting existing fleet vehicles to electrically assisted powertrains offering fleet managers an immediate low cost alternative to the high capital investment of relatively unproven, all-new electric vehicle designs. This data is brought to you by the Chuck Hughes Microcap Report.
Echo Automotive will be showcasing their EchoDrive at the largest work truck show in the U.S. on March 6-8, 2013. For the first time, fleet operators have an option to significantly reduce their operating expenses with a low risk and cost effective solution where the ‘real-world’ payback can be 24-36 months or less.
On the surface, the system doesn’t look too terribly different than the drivetrains Ford and Toyota are putting in their hybrid vehicles. The Toyota Prius engine combines a combustion engine and a battery-powered electric motor. Ford’s Fusion does the same.
The only significant difference between those power systems and Echo Automotive’s is the point where those powertrains are installed; the Prius and Fusion are built as hybrids at the factory.
EchoDrive can be easily bolted onto new and existing vehicles cost-effectively, for the purpose of substantially reducing a fleet vehicle’s operating cost. It learns best how to apply its electrical energy to minimize the use of fossil fuel.
Echo Automotive reports that EchoDrive as much as doubles a vehicle’s fuel economy, converting a stock 10 mpg truck to a 15-20 mpg truck literally overnight! For a fleet of vehicles racking up multimillion-dollar annual fuel bills, this is a game-changing technological breakthrough!
EchoDrive advanced Li-ion batteries allow for high capacity if low space. It utilizes, by leveraging grid power, an expensive ad cleaner energy source stored in its battery packs. This cheap energy helps EchoDrive increase fuel efficiency by 50% and more.
EchoDrive’s modular battery pack allows for the right-sizing of batteries for each vehicle, ensuring just the right amount of power for each vehicle drive-cycle, lowering costand shortening pay back even further.
During driving, EchoDrive applies that stored energy via the electric motor to assists the power train when the internal combustion engine is most inefficient, significantly reducing the workload of the engine and the use of fossil fuels. Like today’s hybrids, EchoDrive also recaptures energy typically lost through braking.
The key to Echo’s strategy is the bolt-on nature of its solution that introduces little or, in some cases, no additional points of failure, making it very low risk compared to competing solutions.
Even though Echo Automotive is a very young company, its product development history dates back years. EchoDrive is a direct spin off from an R&D program backed by an impressive roster of people and organizations wanting to get this technology rolling.
Right now, EchoDrive is at its fourth generation of development, ready for market rollout.
There’s no doubt that the demand for hybrid and electric vehicles is there – as of the latest look, there are slightly more than 2 million hybrids being driven on U.S. roads, and the number of pure EVs is starting to reach significant levels too…. and that was without much of a retrofit solution.
As it has been mentioned already Echo Automotive can not only be installed on new vehicles, it can also be installed on many existing vehicles.
Echo Automotive Inc. surged by a massive 45.78% for the trading session Monday, rising to a market valuation of $2.42 per share. Volume surged to 8.37M, bypassing its average of 960,791.00 for the day. Market capitalization stood at 124.50M.