What is Current Controls?
Founded in 1982, Current Controls specializes in providing high-quality custom power magnetics, with an initial focus on high-frequency, switching power magnetic components. The company's guiding principles have always centered on superior service in design, manufacturing, and customer support. To enhance its production capabilities, Current Controls established a wholly owned manufacturing facility in Costa Rica in 1996, staffed by a skilled workforce capable of meeting stringent technical requirements. This facility holds site licenses for all company UL systems, with production scheduling managed from its New York facility to ensure adherence to tight schedules. Current Controls' products are integral to a diverse array of industries, including Automotive, Aerospace, Medical, Data Storage, Lighting, Power Supply, Motion Control, UPS, and Industrial Controls. The company continues to uphold its fundamental belief in the critical importance of superior quality, products, and service to meet customer needs, offering a broad spectrum of standard catalog, modified standard, and custom products.
How much funding has Current Controls raised?
Current Controls has raised a total of $780K across 2 funding rounds:
Debt
$350K
Debt
$430K
Debt (2020): $350K with participation from PPP
Debt (2021): $430K led by PPP
Key Investors in Current Controls
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Current Controls?
The recent major strategic investment signifies a pivotal moment for Current Controls, likely enabling further expansion of its manufacturing capabilities and technological advancements in custom power magnetics. This capital infusion is expected to bolster its position in demanding sectors such as automotive and aerospace, where precision and reliability are paramount. The company's long-standing commitment to quality and customer service, combined with its international manufacturing footprint, positions it for sustained growth and innovation in the competitive power electronics market.
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