sur Philo Ventures
ADDAX Overland Raises $2.5M From Philo Ventures and Appoints Marshall Smith as New CEO
LEHI, UT / ACCESSWIRE / July 1, 2024 / ADDAX Overland has announced a $2.5 million investment from Philo Ventures and the appointment of Marshall Smith as CEO. Smith's operational and manufacturing experience is expected to drive further growth and product expansion for the overlanding equipment company.
The investment will enable ADDAX to enhance innovation, manufacturing, and R&D. Smith, the former president of Manly Bands and COO of Taft, aims to scale manufacturing to meet rising demand and launch the Gladiator Overlanding Cap and Camper later this summer.
"ADDAX's commitment to exceeding customers' expectations is key to its success," noted Smith. Philo Ventures CEO Chad Staheli added, "We see a thriving market with overland enthusiasts seeking high-quality products."
The $2.5 million from Philo will expedite manufacturing and production of trailers and campers and continue development in overlanding equipment. Philo will also provide strategic, sales, and operational expertise.
R. H.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de Philo Ventures