Lightspeed Venture Partners lead the latest financing round for Solar Edge Technologies, which brought in US$25 million in funding. Along with Lightspeed, financing partners included existing investors Opus Capital, Genesis Partners, Walden International, ORR Partners, Vertex Venture Capital and JP Asia Capital Partners.
“SolarEdge has received wide market acceptance in the solar inverter domain within a very short time frame. We will use this financing to further accelerate our growth to meet the soaring demand for our products worldwide, and intensify local sales and support activities in all major markets,” said Guy Sella, chairman, CEO and co-founder of SolarEdge. “The funding will enable us to multiply our production capacity without compromising on quality and reliability.”