About Electro Rent
Electro Rent is a company based in Los Angeles (United States) founded in 1965 was acquired by Platinum Equity in August 2016. It operates as a Pay-per-Use / Usage-Based, Reseller / Distribution, and Managed Services. The company has 21 employees as of April 08, 2024. Electro Rent has completed 2 acquisitions, including Telogy and Triathlon Computer. Electro Rent offers products and services including Test Equipment Rental, Certified Used Test Equipment, and Asset Optimization Services.
- Headquarter Los Angeles, United States
- Employees 21 as on 08 Apr, 2024
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Sectors
TechnologyTelecommunications Aerospace, Defense & Maritime
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Electrorent.Com, Inc.
- Date of Incorporation 30 Jul, 2010
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$3.34 M (USD)67.53as on Mar 31, 2022
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Net Profit
$201.05 K (USD)318.53as on Mar 31, 2022
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EBITDA
$461.92 K (USD)601.94as on Mar 31, 2022
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Latest Funding Round
$63.64 K (USD), Grant
May 24, 2021
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Investors
European Union
& 1 more
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Employee Count
21
as on Apr 08, 2024
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Investments & Acquisitions
Telogy
& 1 more
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Acquired by
Platinum Equity
(Aug 10, 2016)
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Products & Services of Electro Rent
Electro Rent offers a comprehensive portfolio of products and services, including Test Equipment Rental, Certified Used Test Equipment, and Asset Optimization Services.
Test equipment is rented for various testing needs.
Certified used test equipment is sold to customers.
Test asset optimization services are provided to clients.
People of Electro Rent
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Leadership Team
1 people
COO Team
1 people
Finance and Accounting
1 people
Sales and Marketing
1 people
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Funding Insights of Electro Rent
Investors in Electro Rent
Electro Rent has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Platinum Equity.
| Investor | Description | Founded Year | Domain | Location |
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Platinum Equity is engaged in private equity and credit investments.
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Locked | Locked | Locked | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked |
Investor details for Electro Rent
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Investments & Acquisitions by Electro Rent
Electro Rent has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Telogy and Triathlon Computer.
Investment portfolio details for Electro Rent
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of IT hardware products
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Locked | Locked | 2012 | Locked | |
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Limited information available
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Locked | Locked | 1989 | Locked |
Complete acquisition details for Electro Rent
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Financial Statements - Electro Rent
Detailed financials for Electro Rent
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- Profit trends
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Electro Rent Comparisons
Peer comparison for Electro Rent
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Competitors of Electro Rent
Detailed competitors of Electro Rent
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Latest news on Electro Rent
Complete news archive for Electro Rent
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Frequently Asked Questions about Electro Rent
Electro Rent was founded in 1965 and raised its 1st funding round 56 years after it was founded.
Electro Rent is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
As of Apr 08, 2024, the latest employee count at Electro Rent is 21.
Annual revenue of Electro Rent is $3.34M as on Mar 31, 2022.
Electro Rent is involved in offering test and measurement equipment solutions globally. Services include rental, sales of certified pre-owned equipment, and asset optimization for various industries. Sectors served encompass aerospace, defense, telecommunications, and high-speed digital testing. Solutions are tailored to support 5G infrastructure, chipset development, and other advanced testing needs. Equipment is provided for design, validation, debugging, and compliance purposes. Financial solutions are also offered to manage costs effectively. A global presence ensures rapid delivery and expert support across multiple regions.
Electro Rent offers Test Equipment Rental, Certified Used Test Equipment, and Asset Optimization Services.
Electro Rent has made 2 acquisitions, including Telogy, and Triathlon Computer.
Electro Rent has 2 investors. Key investors include European Union, and Platinum Equity.