Enthusiast Auto Holdings, LLC, a direct-to-enthusiast, digitally native platform investing in e-commerce retailers in the performance automotive industry, has acquired EVANNEX.
EVANNEX or Teslaaccessories, LLC, was founded in 2012 by a group of Tesla enthusiasts and has become a premier website selling aftermarket accessories for Tesla vehicles. The firm’s in-house design and development team has built a portfolio of products catering to the enthusiast market.
EAH was acquired by Cortec Group though its fund VII in 2019. Cortec is a private equity firm focusing on middle market specialty consumer, B2B and services businesses.
“EVANNEX has an outstanding reputation within the EV community, and their knowledge of Tesla accessories and the emerging EV market is unparalleled,” said Imran Jooma, CEO of EAH.