What is Permawick?
Permawick Corporation is an ISO9001 & ISO14001 certified manufacturer specializing in premium mineral and synthetic oils, fluid reservoir materials, specialty greases, and integrated lubrication systems. Their comprehensive product line includes advanced lubricating oils engineered to minimize friction and noise, alongside innovative fluid reservoir solutions such as PermaWick and PermaGel for optimized fluid delivery. The company also provides specialty greases tailored for diverse industrial applications and sophisticated integrated lubrication systems designed for permanent lubrication across various sectors. Permawick serves a broad clientele, including the transportation, food service, exercise equipment, and home appliance industries, offering solutions that enhance performance and longevity.
How much funding has Permawick raised?
Permawick has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Permawick
PPP
Public-Private Partnership
What's next for Permawick?
With its large-scale late-stage funding, Permawick is strategically positioned for significant expansion and further innovation. The recent major strategic investment suggests a focus on scaling operations, enhancing research and development for next-generation lubrication technologies, and potentially exploring new market segments or geographical reach. This capital infusion will likely fuel advancements in their specialized oil, grease, and fluid delivery systems, reinforcing their commitment to providing high-performance, reliable lubrication solutions to a diverse industrial base.
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