The ultrafast gain recovery dynamics of the first excited state (ES) is studied in an electrically pumped InGaAs quantum-dot amplifier at room temperature and compared with the ground-state (GS) gain dynamics. Pump-probe differential transmission experiments are performed in heterodyne detection and the gain dynamics are investigated as a function of injection current. An ultrafast (<200 fs) initial gain recovery of both GS and ES transition is found, promising for optical signal processing at high bit rates. The obtained results suggest the occurrence of a fast recovery of the state occupation mediated by carrier-carrier scattering as long as a reservoir of carriers in the ESs and wetting layer is present