What is CHARIS Engineering?
CHARIS Engineering, LLC is a licensed engineering firm headquartered in Midland, TX, providing a broad spectrum of engineering services tailored for the oil and gas industry. The company's core competencies lie in process engineering, with a particular focus on midstream operations and renewable energy sources. They offer specialized expertise in cryogenic, separation, and treating processes, alongside comprehensive project implementation, turnkey EPC (Engineering, Procurement, and Construction) projects, troubleshooting, and detailed economic analyses. CHARIS Engineering is dedicated to enhancing safety and operational efficiency for its clientele and holds licenses in multiple states, indicating a strategic expansion of its service footprint.
How much funding has CHARIS Engineering raised?
CHARIS Engineering has raised a total of $343K across 2 funding rounds:
Debt
$150K
Debt
$193K
Debt (2020): $150K with participation from PPP
Debt (2021): $193K led by PPP
What's next for CHARIS Engineering?
The substantial capital infusion, particularly the recent major strategic investment, positions CHARIS Engineering for accelerated growth and enhanced service delivery. As a company operating in a large-scale, late-stage funding environment, this financing is likely to fuel further expansion of its engineering capabilities, potentially into new geographical markets or advanced technological applications within the oil and gas and renewable energy sectors. The focus on EPC projects and operational efficiency suggests a strategic intent to capture larger contracts and solidify its market position.
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