How Much Did Able Electric Raise?
Funding & Key Investors

Able Electric has secured $1M in total capital, with its most recent financing round bringing in $697K. This major strategic investment underscores the company's significant traction and potential within the electrical services sector. The context of this enterprise-level funding suggests Able Electric is poised for substantial scaling and market expansion.

What is Able Electric?

Able Electric
ConstructionConstruction Management

Able Electric Co. is a Las Vegas, NV-based provider of comprehensive electrical services, catering to both commercial and residential projects of varying scales. The company has built a reputation for its commitment to quality workmanship and client satisfaction, often highlighted through client testimonials. Their operational scope encompasses a wide array of electrical needs, positioning them as a versatile player in the regional market.

How much funding has Able Electric raised?

Able Electric has raised a total of $1M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$697K

Debt (2020): $350K with participation from PPP

Debt (2021): $697K led by PPP

Key Investors in Able Electric

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Able Electric?

The substantial enterprise-level funding indicates a strategic phase for Able Electric, likely focused on expanding operational capacity, enhancing service offerings, and potentially broadening its geographic reach. This capital injection is expected to fuel growth initiatives, allowing the company to undertake larger projects and solidify its market position. Future developments may include technological integration and strategic partnerships to further enhance service delivery and competitive advantage.

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Frequently Asked Questions Regarding Able Electric Financial Insights

What are the most recent funding rounds that Able Electric has completed, and what were the funding rounds?
Able Electric has recently completed 2 funding rounds: Debt on Jan 21, 2021, Debt on Apr 9, 2020.
What is the total amount of funding Able Electric has raised to date?
Able Electric has raised a total of $1M in funding to date.
How many funding rounds has Able Electric completed?
Able Electric has completed 2 funding rounds.
How much funding did Able Electric raise in its most recent funding round?
Able Electric raised $697K in its most recent funding round.
Who are the lead investors in Able Electric's latest funding round?
The lead investor in Able Electric's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Able Electric's history?
The largest funding round in Able Electric's history was $697K.
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