What is Electrical Power & Design?
Electrical Power & Design is a seasoned commercial electrical contractor with over three decades of operational experience, headquartered in Redford, Michigan. The company has established a strong reputation for delivering a broad spectrum of electrical services tailored for commercial and industrial projects. Their expertise spans critical areas such as design-build initiatives, the installation of electric vehicle (EV) charging stations, generator systems, and energy-efficient LED lighting retrofits. With a mission focused on high-quality installations and fostering enduring client and vendor relationships, Electrical Power & Design is adept at managing engineered work from initial concept through to final completion, prioritizing a secure working environment for its workforce.
How much funding has Electrical Power & Design raised?
Electrical Power & Design has raised a total of $641K across 2 funding rounds:
Debt
$150K
Debt
$491K
Debt (2020): $150K with participation from PPP
Debt (2021): $491K led by PPP
What's next for Electrical Power & Design?
The recent major strategic investment into Electrical Power & Design signals a clear intent for accelerated expansion and enhanced service capabilities. Given the company's established presence and specialization in high-demand areas like EV charger installation and design-build projects, this capital infusion is likely to fuel further technological adoption, market penetration, and potentially the scaling of operations. The enterprise-level context of their total funding suggests a company poised for significant growth, aiming to solidify its leadership in the commercial electrical contracting industry and capitalize on emerging market opportunities.
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