Mine does the same, motor also confirmed to work. I took mine to my LHS, it's being sent to Horizon UK. This is the second 1/8 ESC that has failed on me since I got the first one in May last year. first one didn't even drive 5 minutes. This one lasted a whopping 15 charges before letting go.
You should send send it to the place you bought it, and they should take care of it for you.