What is TEC Electric?
Founded in 2005 and headquartered across Charlotte, NC, and Spartanburg, SC, TEC Electric is a comprehensive provider of general contracting services. The company distinguishes itself through its robust in-house capabilities, self-performing all electrical, lighting, network, and security system installations. Serving clients across the Carolinas, Georgia, Virginia, and Tennessee, TEC Electric employs a dedicated team of 20 professionals, encompassing corporate, field operations, engineering, and business development roles. Their expertise extends to technology systems, with a strategic reliance on long-standing partnerships for specialized services like fire alarm and lightning protection.
How much funding has TEC Electric raised?
TEC Electric has raised a total of $156K across 1 funding round:
Debt
$156K
Debt (2021): $156K with participation from PPP
Key Investors in TEC Electric
PPP
Public-Private Partnership
What's next for TEC Electric?
The recent large-scale, late-stage funding, characterized as a major strategic investment, signals a pivotal moment for TEC Electric. This infusion of capital is likely earmarked for expanding operational capacity, enhancing technological infrastructure, and potentially broadening its geographic reach or service diversification. The company's focus on self-performance and established client relationships positions it for sustained growth and market leadership in the electrical contracting industry.
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