About ITC Holdings
ITC Holdings is a company based in Novi (United States) founded in 2000 was acquired by Fortis in September 2016.. ITC Holdings has raised $1.36 million across 2 funding rounds from investors including KKR, Fortis Inc. and GIC. The company has 7 employees as of December 31, 2022. ITC Holdings offers products and services including Electricity Transmission and EV Infrastructure.
- Headquarter Novi, United States
- Employees 7 as on 31 Dec, 2022
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Itc Holdings Corp
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Annual Revenue
$4 M-100as on Dec 31, 2024
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Net Profit
$-612 M-203as on Dec 31, 2024
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EBITDA
$914 M5as on Dec 31, 2024
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Total Equity Funding
$1.36 M (USD)
in 2 rounds
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Latest Funding Round
$1.36 M (USD), Seed
Dec 15, 2004
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Investors
KKR
& 2 more
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Employee Count
7
as on Dec 31, 2022
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Acquired by
Fortis
(Sep 02, 2016)
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Products & Services of ITC Holdings
ITC Holdings offers a comprehensive portfolio of products and services, including Electricity Transmission and EV Infrastructure. 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.
Electricity is transmitted across the grid to deliver power to communities and utilities.
Infrastructure for electric vehicles and distributed generation is developed to support modern energy needs.
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Software Development Team
28 people
Leadership Team
20 people
Finance and Accounting
13 people
Manager Team
13 people
Legal and Compliance
10 people
Senior Team
6 people
Product Management Team
6 people
Human Resources and Administration
6 people
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Funding Insights of ITC Holdings
ITC Holdings has successfully raised a total of $1.36M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.36 million completed in December 2004. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.4M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2004 | Amount | Seed - ITC Holdings | Valuation |
investors |
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| Jun, 2003 | Amount | Seed - ITC Holdings | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 ITC Holdings
ITC Holdings has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include KKR, Fortis Inc. and GIC. 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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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Electricity and gas services are provided to North American customers.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ITC Holdings
| 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 - ITC Holdings
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Itc Holdings Comparisons
Competitors of ITC Holdings
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ITC Holdings
When was ITC Holdings founded?
ITC Holdings was founded in 2000 and raised its 1st funding round 3 years after it was founded.
Where is ITC Holdings located?
ITC Holdings is headquartered in Novi, United States. It is registered at Novi, Michigan, United States.
Who is the current CEO of ITC Holdings?
Linda Apsey is the current CEO of ITC Holdings.
Is ITC Holdings a funded company?
ITC Holdings is a funded company, having raised a total of $1.36M across 2 funding rounds to date.
How many employees does ITC Holdings have?
As of Dec 31, 2022, the latest employee count at ITC Holdings is 7.
What is the annual revenue of ITC Holdings?
Annual revenue of ITC Holdings is $4M as on Dec 31, 2024.
What does ITC Holdings do?
ITC Holdings was founded in 2000 and is headquartered in Novi, United States. Operations focus on the energy sector, specifically as an independent electricity transmission company. Investments are made in the transmission grid to enhance reliability, facilitate market access, reduce energy delivery costs, and enable interconnections for new generating resources. Services are delivered nationwide, supporting the US power infrastructure.
What products or services does ITC Holdings offer?
ITC Holdings offers Electricity Transmission and EV Infrastructure.
Who are ITC Holdings's investors?
ITC Holdings has 3 investors. Key investors include KKR, Fortis Inc., and GIC.
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