About NearU
NearU is a company based in Charlotte (United States) founded in 2019 by Ashish Achlerkar.. NearU has completed 7 acquisitions, including 2nd Wind, Bass Air Conditioning Company and Energy Savers. NearU offers products and services including HVAC Services, Plumbing Services, and Electrical Services. NearU operates in a competitive market with competitors including Sila, Conditioned Air, Emcor Group, Advanced Technology Services and Creteunited, among others.
- Headquarter Charlotte, United States
- Founders Ashish Achlerkar
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Sectors
Business Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$100 M (USD), Debt – Conventional
Aug 17, 2021
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
2nd Wind
& 6 more
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Products & Services of NearU
NearU offers a comprehensive portfolio of products and services, including HVAC Services, Plumbing Services, and Electrical Services. 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.
Repair and installation of heating and cooling systems for residential clients.
Handling pipe repairs and installations for homes and light commercial spaces.
Providing wiring and repair services to ensure safe electrical systems.
Funding Insights of NearU
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(17 Aug 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Debt – Conventional - NearU | Valuation |
investors |
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| 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 |
Investments & Acquisitions by NearU
NearU has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include 2nd Wind, Bass Air Conditioning Company and Energy Savers. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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HVAC services are provided from Holly Springs, United States.
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2004 | ||||
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Commercial and residential HVAC installation and repair services are provided.
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1997 | ||||
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Residential HVAC services are provided in Arden, United States.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NearU
| 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 |
Nearu Comparisons
Competitors of NearU
NearU 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 Sila, Conditioned Air, Emcor Group, Advanced Technology Services and Creteunited, 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 |
Provider of HVAC products repairing services
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| domain | founded_year | HQ Location |
Provider of AC & heating services
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| domain | founded_year | HQ Location |
Offers mechanical construction, electrical services, energy, and facilities solutions.
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| domain | founded_year | HQ Location |
Industrial maintenance and MRO services are provided to industrial clients.
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| domain | founded_year | HQ Location |
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Nearu
Frequently Asked Questions about NearU
When was NearU founded?
NearU was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is NearU located?
NearU is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of NearU?
Ashish Achlerkar is the current CEO of NearU. They have also founded this company.
What does NearU do?
NearU was founded in 2019 by Ashish Achlerkar as a provider of HVAC services. Operations are based in Charlotte, United States, where heating, ventilation, and air conditioning solutions are delivered to residential and commercial clients. The company focuses on installation, maintenance, and repair activities within the facilities services sector. Geographic scope remains centered in the local area, supporting essential climate control needs.
Who are the top competitors of NearU?
NearU's top competitors include Sila, Advanced Technology Services and Creteunited.
What products or services does NearU offer?
NearU offers HVAC Services, Plumbing Services, and Electrical Services.
How many acquisitions has NearU made?
NearU has made 7 acquisitions, including 2nd Wind, Bass Air Conditioning Company, and Energy Savers.
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