What is Progression Electric?
Founded in 1998, Progression Electric is a woman-owned business specializing in comprehensive traffic signal work and electrical solutions for municipalities across East Tennessee, including key areas like Knoxville, Alcoa, and Gatlinburg. With a strong reputation built on integrity and high-quality service, the company supports over 40 municipalities and school districts. Their service portfolio encompasses traffic and street lighting, outdoor lighting, commercial and industrial electrical contracting, and the implementation of intelligent transportation systems, all aimed at ensuring efficient traffic flow and enhancing community safety. The firm leverages approximately 95 years of combined experience within its team.
How much funding has Progression Electric raised?
Progression Electric has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Progression Electric
PPP
Public-Private Partnership
What's next for Progression Electric?
The recent strategic investment signals Progression Electric's intent to further solidify its market leadership and potentially expand its service offerings or geographic reach. Given its late-stage funding context, the company is likely poised for significant growth initiatives, possibly involving technological upgrades to its intelligent transportation systems or scaling its operations to meet increasing municipal demands for infrastructure modernization. This capital infusion will be critical in maintaining its competitive edge and continuing its legacy of service excellence in the region.
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