About Bean Electric
Bean Electric is a company based in Roseburg (United States) founded in 1987 by Daniel Bean was acquired by Lumin8 Transportation Technologies in May 2023.. Bean Electric offers products and services including Electrical Maintenance and Electrical Installation. Bean Electric operates in a competitive market with competitors including Thermon, RULKA ELECTRICALS, Hager Group, MKD Electric and Profarma, among others.
- Headquarter Roseburg, United States
- Founders Daniel Bean
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
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- Legal Name Bean Electric, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Lumin8 Transportation Technologies
(May 11, 2023)
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Products & Services of Bean Electric
Bean Electric offers a comprehensive portfolio of products and services, including Electrical Maintenance and Electrical Installation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides troubleshooting and repairs for electrical systems in homes.
Handles wiring and fixture installations for residential and commercial projects.
Funding Insights of Bean Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bean Electric
Bean Electric has secured backing from 1 investor. Prominent investors backing the company include Lumin8 Transportation Technologies. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Traffic signal and lighting installation services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Bean Electric
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bean Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bean Electric Comparisons
Competitors of Bean Electric
Bean Electric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Thermon, RULKA ELECTRICALS, Hager Group, MKD Electric and Profarma, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Engineered thermal solutions are provided for industrial heat tracing applications.
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Commercial electrical services are provided for industrial clients.
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Offers electrical installation solutions for energy distribution, cable management, and building automation globally.
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Industrial electrical contracting and maintenance services are provided.
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Healthcare distribution and retail services are provided.
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Electrical services are provided for building projects and maintenance.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bean Electric
Frequently Asked Questions about Bean Electric
When was Bean Electric founded?
Bean Electric was founded in 1987.
Where is Bean Electric located?
Bean Electric is headquartered in Roseburg, United States. It is registered at Roseburg, Oregon, United States.
What does Bean Electric do?
Bean Electric was established in 1987 by Daniel Bean in Roseburg, United States. Commercial electrical installation services are delivered within the electrical sector. Operations center on installations for business clients, with a focus on regional needs. The company is owned by its founder, and its domain, beanelectric.com, supports service information. Geography is limited to the United States, emphasizing practical electrical solutions.
Who are the top competitors of Bean Electric?
Bean Electric's top competitors include Thermon, MKD Electric and RULKA ELECTRICALS.
What products or services does Bean Electric offer?
Bean Electric offers Electrical Maintenance and Electrical Installation.
Who are Bean Electric's investors?
Bean Electric has 1 investor. Key investors include Lumin8 Transportation Technologies.