SolarBridge locks in $15 million in series B funding

Facebook
Twitter
LinkedIn
Reddit
Email

SolarBridge Technologies has obtained $15 million in series B funding with Rho Ventures, a new investor for the company who lead the round of financing. To date, SolarBridge has raised over $27 million.

“SolarBridge has a proven management team with extensive experience in developing and commercializing power electronics, one of our firm’s core investment sectors,” commented Joshua Ruch, Ro Ventures managing partner and co-founder. “SolarBridge’s solution is unrivaled by anything else we have seen.  We are very confident in the company’s ability to ramp to volume production and quickly grow revenue with this fundamentally disruptive solar technology.”

Battery Ventures, a prominent financer in series A funding also contributed to series B. These new funds will give SolarBridge the ability to finalize testing and certification, arrange more beta sites, increase production and expand its operations, sales and marketing teams. Joshua Ruch, managing partner and co-founder of Rho Ventures, was also brought on to SolarBridge’s board of directors at the conclusion of series B funding.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

Premium
July 24, 2024
Policies in the EU and US to impose a carbon price on imported materials and goods will inevitably hit solar manufacturers.
July 24, 2024
The power purchase agreement consists of a portfolio of six solar PV projects located in the Italian regions of Lazio and Emilia Romagna.
July 24, 2024
A roundup of two agrivoltaics projects from different sides of the world, from US PV developer Avangrid and Lodestone Energy in New Zealand.
July 24, 2024
In Q2 2024, Enphase Energy shipped 574,000 microinverters from its US facilities, which benefit from the 45X production tax credits.
July 24, 2024
AEMO has granted BrightNight approval to connect its Mortlake Energy Hub, which includes solar and storage facilities, to the Victoria grid.
Sponsored
July 24, 2024
Sungrow's Lei Wang discusses the company's floating solar activities and opportunities for PV to go offshore.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA