Boston VC Believes in Go Electric
Go Electric is located at the Purdue Polytechnic Anderson facility in the Flagship Enterprise Center..
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAnderson-based Go Electric Inc. Chief Executive Officer Lisa Laughner says her company has achieved a "tough" accomplishment — securing a funding boost from a venture capital hotbed. The energy storage technology provider has landed a $4 million growth round investment from WindSail Capital Group in Boston, support Laughner says will add 17 jobs and could lay the foundation for a long-term goal of selling internationally. Go Electric was founded in 2011 and has steadily grown to include around 30 employees at its headquarters in the Flagship Enterprise Center. In early 2016, the company received a $4 million Series A infusion from a group of Midwest investors that included Indianapolis-based Elevate Ventures.
In an interview with Inside INdiana Business, Laughner said Go Electric’s presence in startup accelerators throughout the country helped score the latest funding round. "Those have really been helpful to get us exposed to a broad array of investor groups all across the United States," she said. "They tend to be concentrated — the Silicon Valley, West Coast, some in Austin, Texas." In addition to its Flagship Enterprise Center home, Go Electric is in accelerators in Hawaii, New York and Chicago.
The funding will boost Go Electric’s "turnkey" microgrid and core microgrid control technologies. Go Electric provides solutions to partners in industries including utility, grocery, datacenter, gas station, indoor agriculture, hospital and renewables.
Editor’s Note: A previous version misstated the round of the recent funding.
In an interview with Inside INdiana Business, Go Electric Inc. Chief Executive Officer Lisa Laughner said Go Electric’s presence in startup accelerators throughout the country helped score the latest funding round.