SolarBridge Technologies Secures $25 Million in Series D Funding
(BUSINESS WIRE)–SolarBridge Technologies (SolarBridge), a leading provider of microinverter solutions used in AC modules, announced it has secured $25 million in Series D funding. The company has raised more than $71 million to date.
The funding was led by a new investor, Shea Ventures. Investors from previous rounds, including Battery Ventures, Rho Ventures and Osage University Partners, also participated in the Series D.
â€œAC modules powered by SolarBridge microinverters are the clear choice for residential and light commercial solar,â€ said Ron Van Dell, president and CEO, SolarBridge. â€œThe 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.â€
â€œAs 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,â€ said Jason Schoettler, managing director of Shea Ventures.
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