Sevcon

Revenues at Sevcon Inc. increased 13 percent in the second quarter of 2015 compared with the second quarter of 2014, the Southborough company reported yesterday.

Southborough-based manufacturer Sevcon said it's looking to beef up its staff by 20 after the maker of controls for electric and hybrid motor vehicles received a grant to develop a new range of products.

Sevcon of Southborough saw a 10-percent gain in revenue in the first quarter of its new fiscal year, as more of its customers bought the company's products as part of their hybrid and electric vehicles.

Southborough-based Sevcon posted an operating loss of $94,000 in its fiscal fourth quarter, thanks to one-time expenses. But the maker of microprocessor-based controls for electric and hybrid vehicles reported quarterly and yearly revenue gains of 13 and 18 percent, respectively, on Tuesday afternoon. Revenue for the fourth quarter, which ended Sept. 30, totaled $10 million, up from $8.9 million a year earlier, while revenue for the year rose to $37.9 million from $32.2 million.

Southborough-based Sevcon Inc., which designs and manufacturers controls for electric and hybrid vehicles, has closed its $10 million rights offering to its shareholders, the company said Wednesday.

Southborough-based Sevcon Inc., which designs and manufacturers controls for electric and hybrid vehicles, announced it has raised $10 million in a rights offering to its shareholders.

Revenue grew for the sixth consecutive quarter at Southborough-based Sevcon as the maker of microprocessor-based controls for electric and hybrid vehicles saw increased sales in Asia and the United States.

Sevcon Inc. of Southborough has announced the terms of its $10-million rights offering to shareholders.

Southborough-based Sevcon Inc. announced plans Friday to raise $10 million through a rights offering to current stockholders.

Southborough-based Sevcon reported last week that their products contain minerals that could be funding human-rights abuses in Africa.