What is Gearbox Express?
Gearbox Express, part of RNWBL, is dedicated to extending the operational life of critical wind energy components through advanced remanufacturing processes. The company offers comprehensive solutions, including remanufacturing, field services, and preventative maintenance, all supported by robust warranty options. By combining deep industry expertise with cutting-edge technologies, Gearbox Express aims to boost the efficiency and longevity of wind turbines, contributing significantly to the sustainability and growth of the renewable energy market.
How much funding has Gearbox Express raised?
Gearbox Express has raised a total of $3.7M across 3 funding rounds:
Unspecified
$1.8M
Private Equity
$1.5M
Debt
$350K
Unspecified (2011): $1.8M, investors not publicly disclosed
Private Equity (2016): $1.5M led by Cornerstone Angels
Debt (2020): $350K supported by PPP
Key Investors in Gearbox Express
Cornerstone Angels
Cornerstone Angels is a private angel investment group focused on high-growth ventures, providing capital and mentorship primarily in the Midwest region. They actively syndicate with other groups nationwide to support emerging companies.
What's next for Gearbox Express?
The recent major strategic investment signals a period of accelerated growth and development for Gearbox Express. This capital infusion is likely to fuel expansion of its state-of-the-art remanufacturing facilities, enhance its technological capabilities, and broaden its service offerings. The company is well-positioned to capitalize on the increasing demand for renewable energy solutions and proactive lifecycle management of wind power infrastructure, further solidifying its leadership in the sector.
See full Gearbox Express company page
