Eagle Electronics raised $14 million to start electronics and cellular module manufacturing in Solon, Ohio, Pulse 2.0 reported on December 5, 2024.
The details
- The round was led by the O.H.I.O. Fund, with Asymmetric Capital Partners.
- The plant, run with CO-AX Technology, will use surface-mount technology and cyber-security testing across the supply chain.
- Eagle says it has signed several customers for USA-made cellular modules, including Boston health-monitoring company Cherish.
“Our goal is to set a new standard for electronics manufacturing in the U.S.”
TJ Dembinski, Eagle Electronics co-founder and CEO
Why it matters for Made in USA
Cellular modules in connected devices are almost all made in Asia. A domestic source matters for products where security and origin are concerns.
FAQ
Where is the plant?
Solon, Ohio.
How much was raised?
$14 million.
What will it make?
Cellular modules and other electronics.
Source & credit
Source: Pulse 2.0, December 5, 2024: “Eagle Electronics: Electronics And Cellular Module Production Company Raises $14 Million”, by Amit Chowdhry.