What is Batteries Plus?
Founded in 1988 and headquartered in Hartland, Wisconsin, Batteries Plus has evolved from a niche provider into a comprehensive franchise retailer. The company specializes in the distribution of batteries, specialty light bulbs, and professional-grade phone repair services. By maintaining a dual-channel approach that serves both direct-to-consumer markets and commercial enterprise clients, the firm has established a resilient business model. Its extensive footprint across the United States allows it to capture significant market share in the essential maintenance and replacement goods sector, positioning it as a critical infrastructure partner for both residential and business consumers.
How much funding has Batteries Plus raised?
Batteries Plus has raised a total of $450K across 1 funding round:
Debt
$450K
Debt (2026): $450K with participation from Newtek Bank, National Association
Key Investors in Batteries Plus
Newtek Bank, National Association
A financial institution providing a wide range of business lending solutions, including SBA loans and commercial debt financing, specifically tailored to support the growth of established franchises and small-to-medium enterprises.
What's next for Batteries Plus?
With the successful procurement of this late-stage financing, Batteries Plus is well-positioned to accelerate its strategic growth initiatives. The capital is expected to support the modernization of its supply chain, the expansion of its commercial service offerings, and the potential optimization of its franchise network. As the company navigates the complexities of the modern retail environment, this influx of liquidity provides the necessary runway to invest in digital transformation and service-oriented revenue streams. By focusing on high-margin repair services and commercial partnerships, the organization aims to solidify its market leadership and drive sustainable value for its stakeholders in the coming fiscal periods.
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