Husband and wife, Al and Michelle Salas, founded Eco Auto in 2022 to address the growing demand for consumers wanting to enter the Electric Vehicle market, but who were deterred by the high barriers to ownership. Eco Auto is committed to lowering the high costs associated with purchasing and owning Electric Vehicles (EV) and plug-in Hybrid Electric Vehicles (PHEV), by carrying a diverse inventory of certified pre-owned vehicles, affordably installing at home charging stations, and helping new buyers navigate current local and federal rebates and incentives available to electric vehicles drivers. Fund II made an investment in EcoAuto in 2024 and a follow-on investment in 2025 to support business growth.
Original Investment Date: 2024
Investment Type(s): Equity