How Much Did Electric Raise?
Funding & Key Investors

Electric, a Madison, NC-based industrial electrical contractor, has secured $150K in total capital, with its most recent financing round bringing in $150K through a major strategic investment. This significant backing underscores the company's established position in the critical infrastructure sector.

What is Electric?

Electric
ConstructionConstruction Management

Via Electric Company, Inc. operates as a specialized electrical contractor with over four decades of experience, focusing on industrial electric construction for essential facilities such as wastewater treatment plants. The company primarily serves municipalities and industrial clients across North Carolina, South Carolina, and Virginia, ensuring the reliability of power systems for critical operations. Their expertise in electrical construction, maintenance, and preventive maintenance makes them a key player in maintaining operational integrity for vital public and private infrastructure.

How much funding has Electric raised?

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

2020

Debt

$150K

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

What's next for Electric?

The substantial late-stage funding, characterized as a major strategic investment, positions Electric for continued growth and expansion within the industrial electrical construction market. This capital infusion is likely to support the company's capacity to undertake larger-scale projects, enhance its service offerings, and potentially broaden its geographic reach. The company's long-standing reputation and focus on critical infrastructure suggest a strategic direction aimed at solidifying its role as a preferred provider for municipalities and industrial facilities requiring robust and reliable electrical solutions.

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Frequently Asked Questions Regarding Electric Financial Insights

What are the most recent funding rounds that Electric has completed, and what were the funding rounds?
Electric has recently completed 1 funding rounds: Debt on Apr 14, 2020.
What is the total amount of funding Electric has raised to date?
Electric has raised a total of $150K in funding to date.
How many funding rounds has Electric completed?
Electric has completed 1 funding rounds.
How much funding did Electric raise in its most recent funding round?
Electric raised $150K in its most recent funding round.
Who are the lead investors in Electric's latest funding round?
The lead investor in Electric'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's history?
The largest funding round in Electric's history was $150K.
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