How Much Did Turn It On Electric Raise?
Funding & Key Investors

Turn It On Electric has secured $408K in total capital, with its most recent funding round bringing in $258K in a major strategic investment. This significant backing positions the company for continued expansion within the electrical services sector.

What is Turn It On Electric?

Turn It On Electric
ConstructionConstruction Management

Turn It On Electric is a licensed residential and commercial electrical contractor operating in the Phoenix metro area. The company offers a comprehensive suite of services, including electrical troubleshooting, panel upgrades, electric vehicle (EV) charger installation, and general home and commercial wiring. Turn It On Electric emphasizes quality workmanship and customer satisfaction, employing and training qualified electricians to deliver 5-star service, further reinforced by warranties on both materials and craftsmanship. Their target market comprises homeowners and businesses in need of dependable and efficient electrical solutions.

How much funding has Turn It On Electric raised?

Turn It On Electric has raised a total of $408K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$258K

Debt (2020): $150K with participation from PPP

Debt (2021): $258K led by PPP

Key Investors in Turn It On Electric

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Turn It On Electric?

The recent strategic investment, alongside the company's substantial total funding, indicates a strong growth trajectory for Turn It On Electric. This capital infusion is likely to fuel further expansion of services, potentially into new geographic markets or the development of specialized offerings like advanced EV charging infrastructure. The company's focus on hiring and training qualified personnel suggests a commitment to scaling operations while maintaining high service standards. Future developments may include enhanced technological integration for service delivery and customer management, solidifying its position as a leading electrical contractor.

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Frequently Asked Questions Regarding Turn It On Electric Financial Insights

What are the most recent funding rounds that Turn It On Electric has completed, and what were the funding rounds?
Turn It On Electric has recently completed 2 funding rounds: Debt on Feb 17, 2021, Debt on Apr 11, 2020.
What is the total amount of funding Turn It On Electric has raised to date?
Turn It On Electric has raised a total of $408K in funding to date.
How many funding rounds has Turn It On Electric completed?
Turn It On Electric has completed 2 funding rounds.
How much funding did Turn It On Electric raise in its most recent funding round?
Turn It On Electric raised $258K in its most recent funding round.
Who are the lead investors in Turn It On Electric's latest funding round?
The lead investor in Turn It On Electric's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Turn It On Electric's history?
The largest funding round in Turn It On Electric's history was $258K.
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