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 (USD)-100as on Dec 31, 2024
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Net Profit
-$612 M (USD)-203as on Dec 31, 2024
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EBITDA
$914 M (USD)5as 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.
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.
People of ITC Holdings
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity firm.
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Sovereign wealth is managed and private equity investments are facilitated.
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Electricity and gas services are provided to North American customers.
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Locked | Locked | Locked |
Investor details for ITC Holdings
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Investments & Acquisitions by ITC Holdings
Investment portfolio details for ITC Holdings
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Financial Statements - ITC Holdings
Detailed financials for ITC Holdings
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Itc Holdings Comparisons
Peer comparison for ITC Holdings
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Competitors of ITC Holdings
Detailed competitors of ITC Holdings
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Latest news on Itc Holdings
Complete news archive for ITC Holdings
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Frequently Asked Questions about ITC Holdings
ITC Holdings was founded in 2000 and raised its 1st funding round 3 years after it was founded.
ITC Holdings is headquartered in Novi, United States. It is registered at Novi, Michigan, United States.
Linda Apsey is the current CEO of ITC Holdings.
ITC Holdings is a funded company, having raised a total of $1.36M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at ITC Holdings is 7.
Annual revenue of ITC Holdings is $4M as on Dec 31, 2024.
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.
ITC Holdings offers Electricity Transmission and EV Infrastructure.
ITC Holdings has 3 investors. Key investors include KKR, Fortis Inc, and GIC.