What is Lippolis Electric?
Lippolis Electric is a leading provider of electrical services in Westchester County, leveraging over thirty years of industry experience. The company is recognized for its commitment to safety, high-quality workmanship, and customer satisfaction. Its operations are supported by a 24-hour on-call team of licensed, bonded, and insured technicians, a dedicated support staff, and a project management team ensuring timely project completion. Lippolis Electric also maintains a fleet of stocked vehicles and specialized equipment, enabling it to undertake diverse and highly specialized projects.
How much funding has Lippolis Electric raised?
Lippolis Electric has raised a total of $7M across 2 funding rounds:
Debt
$5M
Debt
$2M
Debt (2020): $5M with participation from PPP
Debt (2021): $2M led by PPP
What's next for Lippolis Electric?
The recent major strategic investment signifies a pivotal moment for Lippolis Electric, positioning it for further expansion and operational enhancement. This capital infusion is expected to bolster the company's capacity to serve its client base more effectively and potentially explore new market opportunities within the enterprise-level services domain. The company's long-standing reputation and robust operational framework suggest a strategic focus on scaling its existing service offerings and reinforcing its leadership position in the competitive electrical industry.
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