On July 12, 2024, It's Electric, Inc. closed the transaction. The company received $9,026,365 in the transaction. The transaction received $6.5 million from lead investors Failup Ventures and Uber Technologies, Inc. The transaction included participation from 88 investors including new investors Halogen Ventures Partners, LLC, The Partnership for New York City, Inc., Pulse Fund LLC, New Lab, LLC, Gratitude Railroad, Tale Venture Partners, The Equity Alliance Advisors, LLC, LACI Impact Fund, The Helm.

The company raised $11.8 million in funding till date.