What is Pro 1 Electric?
Established in 2004, Pro 1 Electric Inc. is a locally owned and operated provider of comprehensive electrical services catering to commercial, industrial, and residential clients. Serving Parkersburg, WV, and a 50-mile radius extending into Ohio, the company boasts a team of 30 to 50 licensed and experienced professionals adept at handling complex electrical applications. Pro 1 Electric Inc. emphasizes reliable service and customer satisfaction, offering free initial consultations to prospective clients. Its operational scope covers a significant portion of the Mid-Ohio Valley region.
How much funding has Pro 1 Electric raised?
Pro 1 Electric has raised a total of $502K across 2 funding rounds:
Debt
$150K
Debt
$352K
Debt (2020): $150K with participation from PPP
Debt (2021): $352K led by PPP
Key Investors in Pro 1 Electric
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Pro 1 Electric?
The recent major strategic investment signals Pro 1 Electric's transition into a scaling phase, likely focusing on expanding its service offerings, geographical reach, or technological capabilities. With a history of debt financing, this new capital injection suggests a strategic pivot towards growth equity, potentially enabling larger projects and market penetration. The company is well-positioned to leverage this backing to solidify its standing as a leading electrical service provider in its operational territories.
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