What is Excelsior Elevator?
Founded in 1996 by Victor and Lina Rough, Excelsior Elevator Corporation began as a modest elevator service and construction firm. The company experienced rapid expansion following its first major project, UCLA Deneve Plaza, in its inaugural year. Relocating to a larger facility in Santa Ana, California, Excelsior has evolved into a comprehensive provider of elevator services, including modernization, repair, and construction. As a certified MBE/WBE/DBE company, Excelsior is well-positioned to meet the requirements of government contracts. Its technicians are trained and members of the International Union of Elevator Constructors Local #18, ensuring a high standard of professional service.
How much funding has Excelsior Elevator raised?
Excelsior Elevator has raised a total of $1.4M across 2 funding rounds:
Debt
$350K
Debt
$1M
Debt (2020): $350K with participation from PPP
Debt (2021): $1M led by PPP
Key Investors in Excelsior Elevator
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Excelsior Elevator?
The recent major strategic investment, coupled with the overall enterprise-level funding context, suggests Excelsior Elevator is poised for significant scaling and operational enhancement. This capital infusion will likely support further expansion of services, technological advancements in elevator modernization, and potentially broader geographic reach. The company's strong foundation, including its government contract capabilities and union-trained workforce, provides a robust platform for leveraging this new financing to solidify its market leadership and pursue new opportunities in the competitive elevator industry.
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