How Much Did Electric Applications Raise?
Funding & Key Investors

Electric Applications has reached a pivotal juncture in its corporate evolution, securing $31K in substantial expansion capital to bolster its market position. This latest infusion of financing brings the firm's cumulative backing to $31K, underscoring investor confidence in its long-term operational strategy. The capital deployment follows a significant Series B/C stage, positioning the entity to leverage its recent merger with Applied Technical Services for broader national reach.

What is Electric Applications?

Electric Applications
Business ServicesResearch & Development

Electric Applications Incorporated (EAI) functions as a specialized provider of technical solutions, now operating under the Applied Technical Services (ATS) brand. By integrating its core competencies with the expansive infrastructure of ATS, the company has significantly enhanced its service portfolio. This strategic consolidation allows the firm to offer comprehensive support, including advanced battery testing and specialized electric application diagnostics. The organization serves a diverse client base, ranging from industrial partners to community stakeholders, providing reliable, high-performance technical services that are essential for modern energy infrastructure and maintenance requirements.

How much funding has Electric Applications raised?

Electric Applications has raised a total of $31K across 1 funding round:

2021

Debt

$31K

Debt (2021): $31K with participation from PPP

Key Investors in Electric Applications

PPP

Public-Private Partnership

What's next for Electric Applications?

With the successful integration of its service offerings, the company is now poised to capitalize on the growing demand for specialized battery testing and technical support. The recent capital injection will likely be directed toward scaling operational capacity and deepening the firm's footprint in the national market. By aligning with the ATS brand, the company is well-positioned to streamline its service delivery, improve technical efficiency, and capture a larger share of the energy services sector. Future growth will likely focus on technological upgrades and the expansion of its service network to meet the evolving needs of its client base.

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Frequently Asked Questions Regarding Electric Applications Financial Insights

What are the most recent funding rounds that Electric Applications has completed, and what were the funding rounds?
Electric Applications has recently completed 1 funding rounds: Debt on Jan 17, 2021.
What is the total amount of funding Electric Applications has raised to date?
Electric Applications has raised a total of $31K in funding to date.
How many funding rounds has Electric Applications completed?
Electric Applications has completed 1 funding rounds.
How much funding did Electric Applications raise in its most recent funding round?
Electric Applications raised $31K in its most recent funding round.
Who are the lead investors in Electric Applications's latest funding round?
The lead investor in Electric Applications'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 Electric Applications's history?
The largest funding round in Electric Applications's history was $31K.
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