What is Elite Electric?
Elite Electric Inc., established in 1978 and headquartered in Riverside, CA, with a solar power division in Oakland, CA, is a long-standing provider of electrical and solar power services. The company specializes in high-quality, efficient, and dependable photovoltaic (PV) system design, build, and operations and maintenance (O&M) services, alongside battery storage solutions. Elite Electric emphasizes a commitment to providing a safe and positive working environment for its dedicated employees, positioning itself as a reliable partner in the renewable energy and electrical infrastructure markets.
How much funding has Elite Electric raised?
Elite Electric has raised a total of $2.3M across 2 funding rounds:
Debt
$1M
Debt
$1.3M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.3M led by PPP
What's next for Elite Electric?
The recent major strategic investment, classified as enterprise-level funding, signals a pivotal moment for Elite Electric. This influx of capital is likely earmarked for expanding its operational capacity, enhancing its technological offerings in PV system design and battery storage, and potentially broadening its service reach. The company's focus on O&M services, combined with its established history, suggests a strategy aimed at solidifying its position in the competitive solar and electrical industries through robust infrastructure development and service excellence.
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