What is Precision Circuits?
Precision Circuits Inc. is an employee-owned entity specializing in comprehensive electronic solutions tailored for the specialty vehicle industry. The company excels in the design, manufacturing, and assembly of high-quality, durable electronic products, including advanced power control systems, sophisticated battery management solutions, and essential HVAC control modules. With over two decades of experience, Precision Circuits has established itself as a trusted partner for original equipment manufacturers (OEMs) and end-users alike, driven by a commitment to customer satisfaction and continuous innovation. Their focus remains on developing long-lasting products that adeptly address the dynamic requirements of their clientele.
How much funding has Precision Circuits raised?
Precision Circuits has raised a total of $686K across 2 funding rounds:
Debt
$350K
Debt
$336K
Debt (2020): $350K with participation from PPP
Debt (2021): $336K led by PPP
What's next for Precision Circuits?
The recent major strategic investment signals a pivotal phase for Precision Circuits, likely indicating a move towards scaling operations, expanding market reach, or accelerating product development. Given the enterprise-level nature of their funding context, the company is poised for significant growth, potentially exploring new technological advancements or strategic partnerships to solidify its leadership in the specialty vehicle electronics market. This capital will be instrumental in navigating the evolving demands of the industry and reinforcing their competitive edge.
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