Enphase Energy closes US$40 million in financing round

Facebook
Twitter
LinkedIn
Reddit
Email

Enphase Energy has secured US$40 million in funding, with Bay Partners leading the equity financing. This round of financing also includes participation from Horizon Technology Finance, Bridge Bank and existing investors Third Point Ventures, RockPort Capital Partners, Madrone Capital Partners and Applied Ventures.

“Enphase has captured significant market share in the inverter space in an extraordinarily short time frame. This financing will be used to fund our expansion plans and further strengthen our balance sheet,” said Sanjeev Kumar, chief financial officer of Enphase Energy. “We are pleased to have the support of Bay Partners, Horizon Technology Finance, Bridge Bank and our existing investors, and their recognition that Enphase is poised to further accelerate this market share growth.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Enphase has a remarkably driven management team, and an excellent track record of technology innovation. We’re excited to invest in a company that is leading the transition in the inverter market from central to microinverters,” said Sandesh Patnam, Bay Partners.

“Shipping 250,000 inverters in such a short period of time is a remarkable achievement for any company,” said Greg Clark, Managing Director of Horizon Technology Finance. “This new round of financing will enable Enphase to continue this phenomenal growth.”

Read Next

Premium
October 7, 2026
The merger of SEIA and CCSA could be a 'great move' for both trade associations involved, according to industry veteran Yann Brandt.
October 7, 2026
Yindjibarndi Energy Corporation (YEC) has lodged the DA for the Baru Marnda Renewable Energy Project, featuring a 500MW solar PV power plant.
October 6, 2026
The refinancing deal will allow MaxSolar to build a portfolio of around 1.3GW of renewable energy capacity.
October 6, 2026
A 250MW solar park in the Prince Mohammed bin Salman Royal Reserve will be the site of a scheme to reintroduce endangered sand gazelles into the wild.
October 6, 2026
Poor solar PV project quality can increase the levelised cost of energy of a PV system by more than 20%, according to a report by HelioVolta.
October 6, 2026
Germany’s vertical bifacial PV specialist Next2Sun has filed for the initiation of insolvency proceedings under self-administration for parts of the company.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events, Upcoming Webinars
October 21, 2026
2pm AEDT
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland