Hoveround Funding: How Much Did They Raise & Key Investors

How Much Did Hoveround Raise?
Funding & Key Investors

Hoveround Corporation, a provider of mobility solutions, has recently secured $2M in a major strategic investment, contributing to its total funding of $2M. This latest capital infusion underscores the company's significant market presence and ongoing growth trajectory in the assistive technology sector.

What is Hoveround?

Hoveround

Retail

Vitamins, Supplements & Health Stores

Manufacturing

Founded in 1992 and headquartered in Sarasota, FL, Hoveround Corporation specializes in power chairs, electric scooters, and a range of other mobility aids designed to enhance the quality of life for individuals with limited mobility. The company has established itself as a key player in the durable medical equipment market, offering essential products that promote independence and accessibility.

How much funding has Hoveround raised?

Hoveround has raised a total of $2M across 1 funding round:

2020

Debt

$2M

Debt (2020): $2M with participation from PPP

What's next for Hoveround?

The recent major strategic investment signals a pivotal moment for Hoveround, likely enabling accelerated expansion of its product lines, enhancement of its distribution networks, and further development of innovative mobility technologies. This backing is expected to fortify Hoveround's position in the enterprise-level market and support its mission to serve a growing demographic requiring specialized assistive devices.

See full Hoveround company page

See More Financial Insights