Our growth trajectory continues!
Our growth trajectory continues! This $1.5 million round of funding from our investors is earmarked to support that growth. It’s an exciting time for the wind energy industry and for GBX!
Gearbox Express LLC, a Mukwonago wind turbine service company, has raised $1.5 million to fund future growth, the company said Thursday.
Privately-held Gearbox Express was founded in 2011 to remanufacture wind energy gearboxes and have them ready for utilities to install when their wind turbine gearboxes wear out or fail. The money raised was all equity, according to a filing with federal securities regulators.
“Our growth is exceeding our expectations and the additional capital will fund more inventory and new products so we can better serve our customers,” said Bruce Neumiller, chief executive officer.
Gearbox Express has 28 employees and could grow to as many as 40 by mid-2017, Neumiller said.
– By Kathleen Gallagher of the Journal Sentinel