Elias Kokkinos and Charalambos Onoufriou launch EKCO Group

Already business partners on a number of ventures, Elias Kokkinos and Charalambos Onoufriou recently announced the launch of their new venture, EKCO Group

Among their other business activities, the two entrepreneurs are already Co-Founders of EKCO Maximum Power and CarMarket.cy.

After being approached by CBN, Kokkinos, who is also the Managing Director of the Smoothie Factory and Business Insights Consulting and Onoufriou, who is also Operations Director at J&D Dynamic Enterprises, shared more details about the new Group.

“EKCO Maximum Power was our first venture and the cornerstone upon which EKCO Group was established. As our business activities expanded and diversified, the formation of EKCO Group became a natural step to bring all our initiatives under one strategic structure. It also sets the foundation for future growth and investments,” they explained.

The Co-Founders also shared a brief overview of the companies currently under the EKCO Group:

• "EKCO Maximum Power: Our core company, specialising in EV charging infrastructure for both the public and private sectors, currently active in Cyprus and Malta.
• EVSmartec: A pioneer in Cyprus’s e-mobility space, established in 2013 and acquired by EKCO Maximum Power. EVSmartec focuses on EV solutions and connected mobility solutions.
• MaxTools (our most recent venture): Entering the professional tools distribution market, MaxTools supplies high-quality equipment tailored for automotive and industrial use. We’re proud to represent trusted brands such as Wera and Wiha.
• CarMarket (we have invested in this company): A digital automotive marketplace platform that simplifies the process of buying and selling vehicles."

“Looking ahead, our vision is to continue expanding into sectors that enhance operational value and deliver scalable, commercially viable solutions across our ecosystem. EKCO Group is focused on creating strong, future-ready businesses with a clear emphasis on growth, innovation, and market relevance,” the Co-Founders concluded.