How Much Did Solid State Electric Raise?
Funding & Key Investors

Solid State Electric has successfully secured a significant capital injection, bringing its total funding to $2.5M. This latest infusion, characterized by a $1.5M strategic investment, underscores the firm's robust position within the regional electrical services sector. By leveraging these financial resources, the company continues to solidify its operational footprint, transitioning from a localized service provider to a more formidable entity capable of handling large-scale enterprise-level projects.

What is Solid State Electric?

Solid State Electric
ConstructionConstruction Management

Solid State Electric operates as a comprehensive electrical infrastructure provider, delivering specialized services across residential and commercial domains in Clark County. With a legacy spanning over 15 years, the firm has diversified its portfolio to include high-demand technical services such as home theater integration, advanced security monitoring, and sophisticated home automation systems. Their market position is defined by a commitment to energy-efficient solutions and lighting upgrades, which align with modern sustainability mandates. By maintaining a focus on safety and technical reliability, the company has established itself as a trusted partner for both individual homeowners and commercial property managers seeking high-quality electrical maintenance and installation.

How much funding has Solid State Electric raised?

Solid State Electric has raised a total of $2.5M across 2 funding rounds:

2020

Debt

$1M

2021

Debt

$1.5M

Debt (2020): $1M with participation from PPP

Debt (2021): $1.5M led by PPP

Key Investors in Solid State Electric

PPP

Public-Private Partnership

What's next for Solid State Electric?

With the recent influx of capital, Solid State Electric is well-positioned to scale its service delivery model and invest in advanced diagnostic technologies. The strategic roadmap likely involves expanding its commercial service division to capture a larger share of the Clark County infrastructure market. Furthermore, the firm is expected to enhance its home automation and security offerings, integrating next-generation IoT capabilities to meet the evolving demands of smart-home consumers. As the company navigates this growth phase, the focus will remain on operational efficiency and the deployment of energy-efficient technologies that provide long-term value to its client base.

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Frequently Asked Questions Regarding Solid State Electric Financial Insights

What are the most recent funding rounds that Solid State Electric has completed, and what were the funding rounds?
Solid State Electric has recently completed 2 funding rounds: Debt on Feb 11, 2021, Debt on Apr 15, 2020.
What is the total amount of funding Solid State Electric has raised to date?
Solid State Electric has raised a total of $2.5M in funding to date.
How many funding rounds has Solid State Electric completed?
Solid State Electric has completed 2 funding rounds.
How much funding did Solid State Electric raise in its most recent funding round?
Solid State Electric raised $1.5M in its most recent funding round.
Who are the lead investors in Solid State Electric's latest funding round?
The lead investor in Solid State 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 Solid State Electric's history?
The largest funding round in Solid State Electric's history was $1.5M.
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