How Much Did Propulsion Controls Engineering Raise?
Funding & Key Investors

Propulsion Controls Engineering has secured $150K in total capital, with a recent strategic investment of $150K underscoring its significant position in the market. This latest round of financing marks a pivotal moment for the established engineering firm, known for its specialized services in naval propulsion systems.

What is Propulsion Controls Engineering?

Propulsion Controls Engineering
Consumer ServicesRepair Services

Founded in San Diego, California, on August 27, 1974, Propulsion Controls Engineering (PCE) was established by former NAVSEACENPAC civilian employees John P. (Jack) Reilly, Morley J. (Joe) Clapp, and Jim Humphreys. Initially focused on the service and repair of main propulsion boiler combustion and feed water control systems and instrumentation for the Navy, PCE rapidly expanded its capabilities to include overhaul and maintenance of the controlled equipment. Over the decades, the company has grown substantially in size and technical capacity, consistently adhering to its founders' core objective: delivering the highest quality of service in a timely manner. Its service portfolio evolved to encompass main feed pumps, forced draft blowers, fuel oil service pumps, and ship's service turbine generators, solidifying its role as a critical provider of specialized engineering solutions within the naval sector.

How much funding has Propulsion Controls Engineering raised?

Propulsion Controls Engineering has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

Key Investors in Propulsion Controls Engineering

PPP

Public-Private Partnership

What's next for Propulsion Controls Engineering?

The substantial late-stage funding and major strategic investment signal a new phase of growth and development for Propulsion Controls Engineering. This capital infusion is expected to fuel advancements in their specialized engineering services, potentially enabling expansion into new naval platforms or technological upgrades for existing systems. The company's long-standing reputation for quality and timely service, combined with this significant backing, positions it for continued leadership and innovation in supporting critical naval infrastructure.

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Frequently Asked Questions Regarding Propulsion Controls Engineering Financial Insights

What are the most recent funding rounds that Propulsion Controls Engineering has completed, and what were the funding rounds?
Propulsion Controls Engineering has recently completed 1 funding rounds: Debt on Apr 3, 2020.
What is the total amount of funding Propulsion Controls Engineering has raised to date?
Propulsion Controls Engineering has raised a total of $150K in funding to date.
How many funding rounds has Propulsion Controls Engineering completed?
Propulsion Controls Engineering has completed 1 funding rounds.
How much funding did Propulsion Controls Engineering raise in its most recent funding round?
Propulsion Controls Engineering raised $150K in its most recent funding round.
Who are the lead investors in Propulsion Controls Engineering's latest funding round?
The lead investor in Propulsion Controls Engineering's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Propulsion Controls Engineering's history?
The largest funding round in Propulsion Controls Engineering's history was $150K.
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