What is Modern Electric?
Modern Electric Company is a provider of experienced supervisors and skilled craftsmen dedicated to delivering quality, efficiency, and on-schedule performance. The company serves both Residential Service Customers and Industrial Customers, handling projects ranging from residential services to sophisticated control system installations. Modern Electric prides itself on standing behind its work with immediate response on warranties and electrical system maintenance. The company operates as a collaborative team player, working effectively with Owners, Engineers, Architects, General Contractors, and Construction Managers to achieve project objectives, fostering harmonious relations that enhance productivity and ensure timely project completion.
How much funding has Modern Electric raised?
Modern Electric has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$858K
Debt (2020): $350K with participation from PPP
Debt (2021): $858K led by PPP
What's next for Modern Electric?
The recent major strategic investment signifies a pivotal moment for Modern Electric, positioning it for further expansion and operational enhancement within the enterprise sector. This capital infusion is expected to fuel advancements in service delivery and potentially broaden the company's market reach. The company's consistent focus on quality and client collaboration, coupled with this substantial financial backing, suggests a strategic path toward solidifying its leadership in the electrical services industry and pursuing new growth opportunities.
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