Electro Rent

Los Angeles, United States Founded: 1965 • Age: 61 yrs Acquired By Platinum Equity
Test equipment rental, sales, and asset optimization services are provided.

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. 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
  • Sectors
    Technology
    Telecommunications Aerospace, Defense & Maritime
  • Website category Computers Electronics and Technology · Consumer Electronics
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website electrorent.com/us
  • Social LinkedIn X Facebook
  • Acquired by Platinum Equity (Aug 2016)
  • Legal Name Electrorent.Com, Inc.
  • Date of Incorporation 30 Jul, 2010
  • Jurisdiction New Delhi, Delhi, India
Key Metrics
  • Annual Revenue
    ₹27.60 Cr

    FY 2022 · +68% YoY

  • Net Profit
    ₹1.66 Cr

    FY 2022 · 6% margin

  • EBITDA
    ₹3.82 Cr

    FY 2022 · 14% margin

  • Latest Funding Round
    $63.64K (USD), Grant

    May 2021

  • Investors
  • Employee Count
    21
  • Investments & Acquisitions
    Telogy

    & 1 more

  • Acquired by

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 Rental
Equipment Rental

Test equipment is rented for various testing needs.

Certified Used Test Equipment
Equipment Sales

Certified used test equipment is sold to customers.

Asset Optimization Services
Consulting Services

Test asset optimization services are provided to clients.

Funding Insights of Electro Rent

  • Total Rounds 1
  • Last Round Grant β€” $63,644
  • First Round $63,644

    (May 2021)

  • Investors Count 1

All 1 funding rounds of Electro Rent with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2021$63,644Grant––
Valuation history

2 investors in total: 2 institutional.

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.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Platinum Equity is engaged in private equity and credit investments.
–platinumequity.comBeverly Hills, United States
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
1958europa.euBrussels, Belgium
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Investor details for Electro Rent

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Board of directors of Electro Rent India Private Limited (Electro Rent)

Electro Rent India Private Limited is the primary company behind Electro Rent. The board of Electro Rent India Private Limited currently have 2 directors; the longest-serving is Vikas Chopra, appointed in 2018. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vikas Chopra
DIN 08316989
Director31 Dec 20187 yrs 9 moElectro Rent India Private Limited
Gagan Kapoor
DIN 10760110
Director02 Sep 20242 yrs 1 moElectro Rent India Private Limited

People of Electro Rent

5 people are tracked at Electro Rent (4 in leadership, 1 in team); the tracked headcount is 21.

NameRoleGroup
Mike Sciarillo
CFOLeadership
Michael Clark
CEOLeadership
Dirk De Waart
COOLeadership
Jonathan Watson
CFOLeadership
Eric Williams
SVP, Sales & Marketing, AmericasTeam
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Complete people profiles for Electro Rent

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Financials of Electro Rent

Figures of Electro Rent India Private Limited, the primary company behind Electro Rent, for FY 2022. Revenue was ₹27.60 Cr (+68% year on year). Net profit was ₹1.66 Cr (6% margin). EBITDA was ₹3.82 Cr (14% margin). Revenue has grown at a compounded annual rate of +18% over three years and -11% over five years.

  • ₹27.60 CrRevenue · FY 2022 · +68% YoY
  • ₹1.66 CrNet profit · 6% margin
  • ₹3.82 CrEBITDA · 14% margin
  • ₹62.6 LakhPaid-up capital
  • 21Employees (provident fund records)
  • +18%Revenue CAGR, 3 years
  • -11%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Electro Rent India Private Limited are on its company page.

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Detailed financial statements for Electro Rent

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  • Downloads

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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.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Provider of IT hardware products
triathloncc.comMorrisville, United States2012Feb 2018β€’β€’β€’β€’
Limited information available
telogy.comGermantown, United States1989Mar 2010$24.7M
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Complete acquisition details for Electro Rent

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  • Deal sources
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  • Exports

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Timeline of Electro Rent

5 dated milestones of Electro Rent across 56 years, from founding to its latest funding, stage changes and deals.

  1. Founded Electro Rent is founded.
  2. Acquisition Acquires Telogy.
  3. Exit Acquired by Platinum Equity.
  4. Acquisition Acquires Triathlon Computer.
  5. Funding First funding round of $64K.

Web traffic of Electro Rent

The website of Electro Rent (electrorent.com) receives about 69.8K visits a month and ranks #522,652 among all websites worldwide, #5,032 in Consumer Electronics.

  • Monthly visits
    69.8K

    ▼ 8.1% vs previous month

  • Unique visitors
    41K

    per month

  • Global rank
    #522,652

    among all websites

  • Category rank
    #5,032

    Computers Electronics and Technology · Consumer Electronics

Similar websites

Websites whose visitors overlap most with Electro Rent. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
atecorp.com
atecorp.com
100%
–#518,077–
trs-rentelco.com
trs-rentelco.com
98%
–––
metrictest.com
96%
––View details
teknetelectronics.com
teknetelectronics.com
94%
–––
testequip.com
testequip.com
93%
–––
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 40 similar websites and full traffic analytics for Electro Rent

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  • 40 similar websites
  • Audience overlap
  • Engagement analytics
  • Traffic by brand

Verified entity values are shown only after access is granted.

Similar companies to Electro Rent

10 companies that operate in the same segment as Electro Rent (Display Test Equipment), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
RF test equipment, signal boosters, and recorders are manufactured.
1942Solon, Ohio, United States–––
Provider of automated visual inspection and measurement solutions for displays and lighting
1992Redmond, Washington, United StatesUSD 26.45 M––
Provider of microLED inspection and testing solutions
2018Jerusalem, Jerusalem District, IsraelUSD 12.5 M––
Intelligent detection equipment is manufactured for display touch industry.
2011Shenzhen, Guangdong, China–USD 159.98 M–
Bio-chemical and bio-organic fertilizers are manufactured for sustainable agriculture.
1999Hwaseong, Gyeonggi Province, South Korea–USD 18.91 M133
Nano-accuracy measurement and inspection for hologram integration are provided.
2014Seoul, South KoreaUSD 892.5 K––
Provider of integrated technology solutions for communication, life safety, fire, and security systems
1974Norwell, Massachusetts, United States–––
Designs and provides flat panel display technology solutions
1993Missouri City, Texas, United StatesUSD 38 M––
Display components and AI-based image processing technology are provided.
2005Hwaseong, Gyeonggi Province, South Korea–USD 74.72 M206
Provider of wireless industry research and analysis
2004Cheonan, Chungcheongnam-do, South Korea–USD 55.74 M136
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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.

Electro Rent has 21 employees.

The primary company behind Electro Rent, Electro Rent India Private Limited, reported revenue of β‚Ή27.60 Cr for FY 2022, up 68% year on year.

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.

Electro Rent operates through Electro Rent India Private Limited.

Yes. Electro Rent was acquired by Platinum Equity in August 2016.

The legal entities of Electro Rent currently have 2 directors, including Vikas Chopra, Gagan Kapoor.

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