How Much Did Utility Electric Raise?
Funding & Key Investors

Utility Electric has secured $150K in total capital, with a recent major strategic investment of $150K. This significant backing positions the company for continued expansion in the critical Water/Wastewater infrastructure sector. The latest financing round, dated April 12, 2020, was a debt financing of $150M.

What is Utility Electric?

Utility Electric
Energy, Utilities & WasteElectricity, Oil & GasArchitecture, Engineering & Design

Utility Electric, LLC, established by Rick Brooks and David Prince, leverages over 50 years of combined experience in the electrical field. Under the new leadership of President Mary H. Brooks, who is also the majority owner, the company specializes in Water/Wastewater projects, including pump stations and large treatment plants. Their expertise extends to assisting with design and complex installation challenges, ensuring knowledge, experience, and service for project success.

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 substantial late-stage funding and strategic investment indicate Utility Electric's strong market position and growth potential within the essential Water/Wastewater sector. This capital infusion is expected to fuel further development, operational scaling, and potentially the expansion of their service offerings. The company's focus on critical infrastructure projects suggests a resilient business model poised for sustained development and market leadership.

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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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