What is True Velocity?
True Velocity specializes in the advanced production of ammunition, distinguished by its focus on precision engineering and innovative design. The company's offerings are engineered for superior performance in ballistics, featuring enhanced accuracy, reduced weight compared to traditional brass casings, and improved powder burn efficiency. True Velocity serves a broad spectrum of clients, including law enforcement agencies, the US military, and civilian consumers, positioning itself as a key player in the defense and security sectors. The company also provides subscription services for ammunition, aiming to offer cost savings and exclusive access to new product developments.
How much funding has True Velocity raised?
True Velocity has raised a total of $31M across 2 funding rounds:
Debt
$1M
Debt
$30M
Debt (2020): $1M with participation from PPP
Debt (2021): $30M led by Silver Peak Partners
Key Investors in True Velocity
Silver Peak Partners
Silver Peak Partners is a private equity firm that focuses on enhancing investment value through operational improvements and strategic growth initiatives in small companies, with stated interests in aerospace and defense.
What's next for True Velocity?
The recent major strategic investment signals a period of accelerated growth and development for True Velocity. This capital is expected to fuel further innovation in their proprietary ammunition technology and potentially expand manufacturing capabilities to meet increasing demand from both governmental and civilian markets. The company's focus on lightweight, high-performance ammunition aligns with evolving military requirements and the needs of precision-oriented civilian shooters, suggesting a strong trajectory for future market penetration and technological advancement.
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