Velocity, an industry leader in classic vehicle modernization, has earned a spot on the 43rd annual Inc. 5000 list, the most respected ranking of the nation’s fastest-growing private companies. The list offers a unique glimpse into the most successful businesses within the American economy’s dynamic independent small business segment. Companies like Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle and Patagonia received their first national recognition as Inc. 5000 honorees.
The Inc. 5000 is open to privately held, for-profit companies based in the United States, and the companies are ranked according to percentage revenue growth from 2020 to 2023. The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital and seemingly intractable hiring challenges. The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. Over the past three years, this year’s Inc. 5000 companies have added 874,458 jobs to the economy.
“Velocity has grown exponentially in recent years. In the last year alone, we’ve built nearly 150 vehicles, introduced several brand-new vehicle offerings and grown our team to over 150 passionate craftspeople,” said Stuart Wilson, founder and CEO of Velocity. “I’m proud that Velocity has earned a spot on the Inc. 5000 list, but even more proud of our team. We’ve worked tirelessly to continue improving our processes and ensure we produce the best restomod vehicles available.”
Their builds were also featured Post Malone’s Devil I’ve Been music video in his newest album release, which you can see here.
Velocity’s recognition by the Inc. 5000 list follows a record year of new offerings and employee growth. Recent additions to the Velocity lineup include a 1967-72 Chevy C10 model, a 1967-68 Ford Fastback Mustang with convertible options and a 1969-72 Chevy K5 Blazer, all available in 16 weeks with a set price tag. These new lines joined Velocity’s other offerings: the classic Ford Bronco, Ford F-250 and Ford F-100.
“One of the greatest joys of my job is going through the Inc. 5000 list,” said Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruptions we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location and other criteria, go to www.inc.com/inc5000. All 5000 companies are currently featured on Inc.com, and the top 500 will appear in the new issue of Inc. Magazine, available on newsstands beginning Tuesday, August 20.
About Velocity
Based in Pensacola, Florida, Velocity is an award-winning classic vehicle specialist that has perfected the process of modernizing classic American vehicles. Velocity prides itself on attention to detail, one-of-a-kind designs and the meticulous restoration process that sets it apart. As a result, Velocity has become internationally known for its superior restorations, which have collected top awards at the industry’s most significant events. Learn more about Velocity Modern Classics products and vehicles at www.VelocityRestorations.com.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate and elevate the profile of our community: the risk-takers, the innovators and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
