About New Electric
New Electric is a company based in Oakville (Canada) founded in 1970 was acquired by Spark Power in December 2016. It operates as a Professional Services, and Managed Services. New Electric offers products and services including Electrical Contracting, Custom Control Panels, Electronic Repair, Energy Efficiency Solutions, and Industrial Automation.
- Headquarter Oakville, Canada
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name New Electric, A Spark Power Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Spark Power
(Dec 31, 2016)
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Products & Services of New Electric
New Electric offers a comprehensive portfolio of products and services, including Electrical Contracting, Custom Control Panels, Electronic Repair, Energy Efficiency Solutions, and Industrial Automation. 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.
Industrial electrical installations and repairs are expertly provided.
Specialized control panels are designed and built precisely.
Damaged industrial electronics are restored to original specifications.
Energy-saving solutions are implemented for industrial facilities efficiently.
Turnkey automation systems are provided for process optimization.
Funding Insights of New Electric
| 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 |
Investors in New Electric
New Electric has secured backing from 1 investor. Prominent investors backing the company include Spark Power. 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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Project development solutions for microgrid infrastructure are provided.
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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 New Electric
| 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 - New Electric
| 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 |
New Electric Comparisons
Competitors of New Electric
| 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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Frequently Asked Questions about New Electric
When was New Electric founded?
New Electric was founded in 1970.
Where is New Electric located?
New Electric is headquartered in Oakville, Canada. It is registered at Oakville, Ontario, Canada.
Who is the current CEO of New Electric?
Richard Jackson is the current CEO of New Electric.
What does New Electric do?
New Electric is established as a leading industrial electrical contractor with over 50 years of expertise, delivering comprehensive electrical systems and 247 rapid response support. Services are provided in electrical contracting, custom control panels, electronic repairs, energy efficiency solutions, preventative maintenance, and industrial automation. Operations are conducted across various sectors including manufacturing, food processing, and sports facilities in Canada and the United States. Solutions are tailored to meet the needs of industrial, commercial, institutional, and utility markets, ensuring safety, innovation, and professionalism in all projects.
What products or services does New Electric offer?
New Electric offers Electrical Contracting, Custom Control Panels, Electronic Repair, Energy Efficiency Solutions, and Industrial Automation.
Who are New Electric's investors?
New Electric has 1 investor. Key investors include Spark Power.