Kit Carson Electric Cooperative: Funding & Investors (Oct 2026)
Kit Carson Electric Cooperative Inc, is a rural electric utility based in Taos, New Mexico and was founded in 1934. It is managed and governed by a board of trustees, under direction of CEO-Luis A. Reyes Jr. Kit Carson Electric Cooperative serves nearly 30,000 members and is the second largest member owned cooperative in the State of New Mexico. It voluntarily has implemented solar generation into its portfolio which encompasses 10% of it's overall capacity. Additionally, as a means to better serve its memberships needs and create price sustainability and diversification within its membership service area, Kit Carson Electric also owns a propane division known as Kit Carson Energy and also owns a broadband and telecommunications division known as Kit Carson Technologies. In 2011 Kit Carson Electric Cooperative Inc, was awarded a $63.8M Fiber to the Home (FTTH) grant /loan combination. $44M USDA Grant and $19.8M RUS Loan to develop and implement fiber to every member it serves in Northern New Mexico. Following a true Cooperative model to serve the under served and un-served, Kit Carson Electric along with Kit Carson Technologies as of May 2015 is 98% complete with FTTH deployment. This deployment encompasses over 2,951 square Miles of direct fiber, which will serve 29 communities, nearly 20,500 households, 3,600 businesses, and 183 critical community institutions as well as two Native American Pueblos. Additionally, Kit Carson Electric Cooperatives fiber deployment will greatly increase efficiency within its electric grid allowing full utilization of "meter modernization" also known as smart metering. This will help to aid in managing peak loads and more importantly allowing fiber to play a crucial role in the offsetting of increasing electric rates through fiber membership sales, ultimately allowing members to re-invest in their cooperative. Kit Carson Electric Cooperative is "Owned by those we serve".
Kit Carson Electric Cooperative has raised $95.6M across 1 funding round on record, the most recent an undisclosed round of $95.6M announced in Oct 2024.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Kit Carson Electric Cooperative Company Profile and Key Stats
Latest funding round on record: Oct 2024.
Kit Carson Electric Cooperative Funding Rounds
Kit Carson Electric Cooperative Founders and Leadership Team
No contact details are on record for this team yet.
Kit Carson Electric Cooperative Funding Compared to Other Energy Startups
Kit Carson Electric Cooperative's latest round of $95.6M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Kit Carson Electric Cooperative Funding FAQs
What does Kit Carson Electric Cooperative do?
Kit Carson Electric Cooperative Inc, is a rural electric utility based in Taos, New Mexico and was founded in 1934. It is managed and governed by a board of trustees, under direction of CEO-Luis A. Reyes Jr. Kit Carson Electric Cooperative serves nearly 30,000 members and is the second largest member owned cooperative in the State of New Mexico. It voluntarily has implemented solar generation into its portfolio which encompasses 10% of it's overall capacity. Additionally, as a means to better serve its memberships needs and create price sustainability and diversification within its membership service area, Kit Carson Electric also owns a propane division known as Kit Carson Energy and also owns a broadband and telecommunications division known as Kit Carson Technologies. In 2011 Kit Carson Electric Cooperative Inc, was awarded a $63.8M Fiber to the Home (FTTH) grant /loan combination. $44M USDA Grant and $19.8M RUS Loan to develop and implement fiber to every member it serves in Northern New Mexico. Following a true Cooperative model to serve the under served and un-served, Kit Carson Electric along with Kit Carson Technologies as of May 2015 is 98% complete with FTTH deployment. This deployment encompasses over 2,951 square Miles of direct fiber, which will serve 29 communities, nearly 20,500 households, 3,600 businesses, and 183 critical community institutions as well as two Native American Pueblos. Additionally, Kit Carson Electric Cooperatives fiber deployment will greatly increase efficiency within its electric grid allowing full utilization of "meter modernization" also known as smart metering. This will help to aid in managing peak loads and more importantly allowing fiber to play a crucial role in the offsetting of increasing electric rates through fiber membership sales, ultimately allowing members to re-invest in their cooperative. Kit Carson Electric Cooperative is "Owned by those we serve".
How much funding has Kit Carson Electric Cooperative raised?
Kit Carson Electric Cooperative has raised $95.6M across 1 round on record. The most recent is an undisclosed round of $95.6M announced in Oct 2024.
When did Kit Carson Electric Cooperative last raise funding?
Kit Carson Electric Cooperative's most recent funding round on record is an undisclosed round of $95.6M, announced in Oct 2024.
Who founded Kit Carson Electric Cooperative?
FundedIQ lists Luis A Reyes Jr (Founder) at Kit Carson Electric Cooperative.
Where is Kit Carson Electric Cooperative headquartered?
Kit Carson Electric Cooperative is based in Taos, New Mexico, United States.
How many employees does Kit Carson Electric Cooperative have?
Kit Carson Electric Cooperative is in the 101-250 employee band.
How does Kit Carson Electric Cooperative's funding compare to other Energy startups?
Kit Carson Electric Cooperative's latest round of $95.6M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Kit Carson Electric Cooperative Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Kit Carson Electric Cooperative is left off this page rather than filled in.
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