The parent company of PowerHandz, a sports and fitness technology brand, has announced a multimillion dollar investment from Vanguard Holdings Group. 

PowerHandz is best known for its namesake weighted training gloves that are used for both athlete training and physical rehabilitation. Among the other weighted products are a powersuit and a training basketball. Charlotte Hornets All-Star guard LaMelo Ball, who was 2020–21 NBA Rookie of the Year, is a general partner of the company and has launched his own 1Ball-branded line of products.