How Much Did Utility Electric Raise?
Funding & Key Investors

Utility Electric has secured $150K in total capital, with its most recent financing round bringing in $150K. This significant investment underscores the company's established presence and potential for future expansion within its sector. The context of this large-scale, late-stage funding suggests a mature operational phase, likely focused on scaling existing infrastructure or pursuing strategic growth initiatives.

What is Utility Electric?

Utility Electric
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Utility Electric, LLC, founded by Rick Brooks and David Prince, leverages over 50 years of combined experience in the electrical field. Under the leadership of its new majority owner and President, Mary H. Brooks, the company specializes in Water/Wastewater projects, encompassing pump stations and large treatment plants. Their expertise extends to assisting with design and addressing challenging installation projects, positioning them as a knowledgeable and experienced service provider committed to delivering quality and economical project outcomes.

How much funding has Utility Electric raised?

Utility Electric has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

What's next for Utility Electric?

The recent major strategic investment into Utility Electric signals a pivotal moment for the company. With a strong foundation in the Water/Wastewater sector and a clear focus on operational excellence, this capital infusion is expected to fuel further development and market penetration. The company is poised to enhance its capabilities, potentially expanding its service offerings or undertaking larger-scale projects, thereby solidifying its position as a key player in the utility infrastructure domain.

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Frequently Asked Questions Regarding Utility Electric Financial Insights

What are the most recent funding rounds that Utility Electric has completed, and what were the funding rounds?
Utility Electric has recently completed 1 funding rounds: Debt on Apr 12, 2020.
What is the total amount of funding Utility Electric has raised to date?
Utility Electric has raised a total of $150K in funding to date.
How many funding rounds has Utility Electric completed?
Utility Electric has completed 1 funding rounds.
How much funding did Utility Electric raise in its most recent funding round?
Utility Electric raised $150K in its most recent funding round.
Who are the lead investors in Utility Electric's latest funding round?
The lead investor in Utility 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 Utility Electric's history?
The largest funding round in Utility Electric's history was $150K.
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