What is Ocean Electric?
Ocean Electric is a comprehensive electrical contractor headquartered in Southampton, NY, providing a broad spectrum of installation and repair services. Their expertise spans lighting design, generator systems, solar power solutions, and the installation of electric vehicle charging stations, including Tesla chargers. Operating around the clock, the company serves both residential and commercial clients across Long Island, positioning itself as a reliable provider for emergency electrical services and construction needs.
How much funding has Ocean Electric raised?
Ocean Electric has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$818K
Debt (2020): $350K with participation from PPP
Debt (2021): $818K led by PPP
What's next for Ocean Electric?
The recent major strategic investment suggests Ocean Electric is poised for significant expansion and service enhancement. This capital infusion is likely to fuel advancements in their solar power and EV charging infrastructure offerings, potentially broadening their service area and technological capabilities. The company's commitment to 24/7 emergency services, combined with this strategic backing, positions them for continued leadership in the Long Island electrical contracting market, adapting to the increasing demand for sustainable energy solutions and advanced electrical systems.
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