What is Offshore Electric?
Offshore Electric Corp. is a New York-based, union-affiliated electrical contracting firm with over 25 years of operational experience. The company specializes in comprehensive lighting and data services, offering a broad spectrum of electrical installation solutions. Serving residential, commercial, and industrial clients across New York City's five boroughs, Nassau, and Suffolk Counties, Offshore Electric has established a reputation for quality workmanship and exceptional customer support since its inception in 2002. Their expertise spans commercial lighting upgrades and sophisticated data cabling infrastructure.
How much funding has Offshore Electric raised?
Offshore Electric has raised a total of $46K across 1 funding round:
Debt
$46K
Debt (2021): $46K with participation from PPP
What's next for Offshore Electric?
The recent capital injection positions Offshore Electric for significant operational scaling and market penetration. As a company operating at a Series B/C stage, this investment is likely to fuel strategic initiatives such as expanding service capabilities, enhancing technological adoption in project management, and potentially increasing workforce capacity to meet growing demand. The focus on expansion capital suggests a clear intent to solidify and grow its market share within the New York metropolitan area's demanding commercial and industrial sectors.
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