Posted: Feb 23, 2016 12:24 PM EST
Updated: Feb 23, 2016 1:40 PM EST
By Alex Brown, Multimedia Journalist
Go Electric produces products such as the Energy Resiliency System.
ANDERSON – Anderson-based Go Electric Inc. has closed on a $4 million investment. The funding round included Missouri-based GXP Investments Inc., Indianapolis-based Elevate Ventures Inc. and the Clean Energy Trust, based in Chicago.
Go Electric, which develops advanced energy solutions, says the funding will support the company’s LYNC DR product line, grow its team and expand the company’s services into other markets throughout the country. GXP Investments will also add two seats to the Go Electric Board of Directors.
“We are excited to have GXP Investments on board to guide the company’s growth,” said Lisa Laughner, president and CEO of Go Electric Inc. “Having an investor with their credibility in the demand response market is an important attestation to our vision for the industry. With Elevate Venture’s investment, we look forward to adding high-tech jobs in Indiana and further expanding Indiana’s national leadership in the energy sector.”
GXP Investments Director Dennis Odell says Go Electric’s business model and technology are “game changers for utility demand response markets.” Go Electric’s LYNC DR service launched in January.