What is Electric Time?
Based in Medfield, Massachusetts, Electric Time stands as a cornerstone of the horological industry, boasting over eight decades of expertise in the design and fabrication of high-quality standard and custom-made clocks. The company is globally recognized as the oldest manufacturer of tower and street clocks, bridging the gap between traditional craftsmanship and contemporary technological requirements. Their diverse product portfolio, which includes intricate architectural clocks and outdoor timepieces, serves a wide array of sectors ranging from historical restoration initiatives to high-end golf course developments. By maintaining a commitment to bespoke design and durable construction, Electric Time remains a critical partner for clients seeking unique, functional, and aesthetically significant timekeeping solutions.
How much funding has Electric Time raised?
Electric Time has raised a total of $424K across 2 funding rounds:
Debt
$150K
Debt
$274K
Debt (2020): $150K with participation from PPP
Debt (2021): $274K led by PPP
Key Investors in Electric Time
PPP
Public-Private Partnership
What's next for Electric Time?
With the recent capital injection, Electric Time is well-positioned to scale its manufacturing capabilities and expand its footprint in the global architectural market. The strategic allocation of these funds will likely focus on optimizing production efficiencies and integrating advanced materials into their time-tested designs. As the company transitions through this late-stage growth phase, the focus will remain on sustaining its competitive advantage in the niche market of large-scale public and private clock installations. By prioritizing innovation alongside its historical brand equity, Electric Time is prepared to address the evolving needs of urban planners and historical preservationists alike, ensuring that their iconic timepieces remain relevant in the modern landscape.
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