What is Alba Electric?
Alba Electric is a comprehensive electrical contractor serving all five boroughs of New York City, including the Bronx, Brooklyn, Manhattan, Queens, and Staten Island. The company offers a broad spectrum of services, from residential service upgrades to large-scale commercial and industrial buildouts and renovations. Their commitment to quality is reinforced by highly trained, licensed electricians, a full-service approach, and a one-year warranty on their work, aiming to ensure customer satisfaction and reliability in all electrical repairs and installations.
How much funding has Alba Electric raised?
Alba Electric has raised a total of $409K across 2 funding rounds:
Debt
$150K
Debt
$259K
Debt (2020): $150K with participation from PPP
Debt (2021): $259K led by PPP
Key Investors in Alba Electric
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Alba Electric?
With its recent strategic investment and substantial overall capital, Alba Electric is well-positioned for continued expansion and service enhancement. The company's focus on professional, dependable electrical services across diverse project types suggests a strategic intent to capture a larger market share and potentially explore new service offerings or geographic expansions. This infusion of capital will likely fuel operational scaling, technology adoption, and further strengthening of their licensed workforce to meet growing demand.
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