What is New Construction Electric?
Established in 1995, New Construction Electric operates as a family-owned and operated electrical service provider. The company offers a comprehensive suite of services, including new construction electrical work, remodels, electrical additions, fuse panel upgrades, and high voltage solutions. Their expertise also extends to residential and commercial power backup systems, as well as specialized electrical services for pools and spas. New Construction Electric is committed to delivering reliable electrical solutions that enhance the quality of life for their clients.
How much funding has New Construction Electric raised?
New Construction Electric has raised a total of $767K across 2 funding rounds:
Debt
$350K
Debt
$417K
Debt (2020): $350K with participation from PPP
Debt (2021): $417K led by PPP
What's next for New Construction Electric?
The recent major strategic investment signals a period of potential expansion and enhanced service delivery for New Construction Electric. With a foundation built on diverse electrical services for both residential and commercial clients, this capital infusion is likely to support operational scaling, technological advancements, and potentially the broadening of their service areas. The company's focus on critical infrastructure like power backup systems positions it well for continued growth in an increasingly electrified economy.
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