SolarBridge raises $25 Million in Series D funding

By Greentech Lead America: SolarBridge Technologies, a
provider of microinverter solutions used in AC modules, has raised $25 million
in Series D funding led by a new investor, Shea Ventures. The company has
raised more than $71 million to date.

Investors from previous rounds, including Battery
Ventures, Rho Ventures and Osage University Partners, also participated in the
Series D.

“As the market for rooftop solar continues to grow, we
are excited to partner with SolarBridge, which provides innovative and reliable
microinverter technology and a highly differentiated business model,” said
Jason Schoettler, managing director of Shea Ventures.

The investment will
be used to support the launch of new hardware and software products, increase
sales and marketing efforts and expand the company’s operations globally.

The SolarBridge AC Module System featuring the
SolarBridge Pantheon microinverter, Power Manager and Power Portal, increases
the efficiency and reliability of PV systems, while reducing the levelized cost
of energy.

“The SolarBridge AC Module System is a highly bankable
solution because it enables an integrated 25-year warranty on the module and
dramatically reduces the cost of solar energy through unmatched reliability,
better energy harvest and simpler installation. We look forward to further
establishing our lead as the preferred microinverter provider to leading module
manufacturers,” said Ron Van Dell, president and CEO, SolarBridge.

SolarBridge Technologies in pact with Solartec Energia
Renovable to launch AC modules in Mexico

SolarBridge Technologies recently partnered with Solartec
Energia Renovable, a manufacturer of crystalline silicon and thin film modules,
to launch AC modules to Mexico. Solartec will manufacture and sell AC modules
powered by SolarBridge Pantheon microinverters into the Mexican market.

editor@greentechlead.com