How Much Did Elect Raise?
Funding & Key Investors

ELECT, P.C., an electrical engineering consultation and testing firm based in Raleigh, NC, has secured $150K in total capital, with a recent strategic investment of $150K. This significant financing underscores the company's established presence and growth trajectory within the Southeastern United States market.

What is Elect?

Elect
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ELECT, P.C. specializes in providing comprehensive electrical engineering consultation and testing services across North Carolina, South Carolina, Georgia, Virginia, and Florida. Their service portfolio includes critical areas such as power systems analysis, design services, power quality investigations, and extensive testing and field services. The firm also plays a role in professional development by offering training programs for electrical engineers, electricians, and test technicians, keeping them abreast of industry innovations. With a commitment to client support, ELECT, P.C. ensures licensed professionals are available around the clock for emergency situations, reinforcing their reputation for quality and reliability in the electrical engineering sector.

How much funding has Elect raised?

Elect has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

What's next for Elect?

The recent major strategic investment signals a pivotal phase for ELECT, P.C., likely enabling expansion of its service offerings, geographical reach, or technological capabilities. As a firm operating in a critical infrastructure support role, this capital infusion is expected to bolster its capacity to undertake larger projects and potentially explore new service verticals within the electrical engineering domain. The company's focus on training and emergency support suggests a strategy aimed at both market penetration and long-term client retention, positioning it for sustained growth and industry leadership.

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Frequently Asked Questions Regarding Elect Financial Insights

What are the most recent funding rounds that Elect has completed, and what were the funding rounds?
Elect has recently completed 1 funding rounds: Debt on Apr 29, 2020.
What is the total amount of funding Elect has raised to date?
Elect has raised a total of $150K in funding to date.
How many funding rounds has Elect completed?
Elect has completed 1 funding rounds.
How much funding did Elect raise in its most recent funding round?
Elect raised $150K in its most recent funding round.
Who are the lead investors in Elect's latest funding round?
The lead investor in Elect'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 Elect's history?
The largest funding round in Elect's history was $150K.
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