What is Electric 1?
Established in 1950, Electric 1 is a comprehensive electrical solutions provider serving both commercial and residential clients across Wisconsin. The company operates through five specialized divisions: Residential, Commercial, Fiber/Data, Service/Maintenance, and Infrastructure. This diversified structure allows Electric 1 to offer a wide spectrum of electrical services, from routine maintenance and repairs to large-scale infrastructure projects. Their commitment to client satisfaction is further demonstrated by their 24/7 support availability, ensuring timely service regardless of project scope or urgency. The company's longevity and broad service offering position it as a key player in the regional electrical contracting market.
How much funding has Electric 1 raised?
Electric 1 has raised a total of $957K across 2 funding rounds:
Debt
$350K
Debt
$607K
Debt (2020): $350K with participation from PPP
Debt (2021): $607K led by PPP
Key Investors in Electric 1
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Electric 1?
The recent strategic investment, coupled with the overall enterprise-level funding context, suggests Electric 1 is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel advancements in its five core divisions, potentially enabling the company to take on larger infrastructure projects, expand its service area, or invest in new technologies for its Fiber/Data division. The company's long-standing history and established reputation provide a solid foundation for leveraging this new financing to solidify its market leadership and explore new avenues for growth within the electrical services industry.
See full Electric 1 company page
