SolarBridge Technologies is an Austin, Texas-based provider of microinverters and monitoring technology for TrueAC solar systems. Its flagship TrueAC Module System includes a microinverter, a power manager and a power portal designed for residential and commercial PV installations. The system aims to increase the efficiency and reliability of PV systems while reducing the cost of energy. The company plans to use its recent funding to scale its customer base across North America and Australia through expanded sales and marketing and continued research and development. Leadership is headed by president and CEO Bill Mulligan. Financially, the company completed a $42M funding round led by Constellation Technology Ventures with participation from Shea Ventures, Rho Ventures and Prelude Ventures. SolarBridge Technologies develops integrated microinverter technologies for residential and light commercial AC modules, including the SolarBridge Pantheon microinverter, Power Manager and Power Portal. Its AC Module System is designed to increase efficiency and reliability of PV systems while lowering the levelized cost of energy. The Pantheon microinverter is built to match the lifetime of solar modules, enabling module manufacturers to offer a 25-year warranty on AC modules. The company says its system improves energy harvest, reliability, and simplifies installation for module makers and installers. SolarBridge is headquartered in Austin, Texas. It recently secured a $25 million Series D and has raised more than $71 million to date. SolarBridge Technologies is an Austin, Texas-based provider of PV microinverter solutions. Its core product is the PantheonTM microinverter, which mounts directly onto solar modules and is designed to match the lifetime of solar modules so manufacturers can offer 25-year warranties on AC modules. The company is developing an ultra low-cost microinverter and a universal mechanism for connecting power conversion electronics to solar modules. SolarBridge plans to integrate the microinverter as part of a field-tested, fully certified AC module backed by a 25-year warranty. The company will use a $2.3M grant from the U.S. Department of Energy’s SunShot Initiative to accelerate that development. Led by president and CEO Ron Van Dell, SolarBridge aims to accelerate adoption of rooftop solar in residential and commercial applications. SolarBridge Technologies develops module-integrated microinverters (the Pantheon) for residential and commercial rooftop solar. The Pantheon microinverter mounts directly onto solar modules to increase system efficiency and reliability while simplifying installation and maintenance. It is designed to match the lifetime of solar modules and enable module makers to offer a 25-year warranty on AC modules. SolarBridge plans to use the Series C proceeds to ramp production capacity, expand sales support and logistics, and scale research and development teams. The company has raised more than $46 million to date, has doubled the size of its Austin corporate headquarters, and expects to have about 75 employees worldwide by year end. CEO Ron Van Dell cited confidence in the firm’s capital-efficient model and momentum around its ACPV/AC module approach. SolarBridge Technologies makes module-level microinverters that convert DC from individual solar panels into AC, improving energy yields, reducing intermittency, and allowing panels to be upgraded or repaired without disrupting entire arrays. Its microinverters are said to last over 25 years and the company offers a 25-year warranty to distinguish itself from central-inverter competitors. The technology lowers levelized cost of energy through higher efficiency, greater yields, and reduced maintenance, and could complement large solar manufacturers though current partners are undisclosed. SolarBridge plans to use new funding for final product testing, beta installations, and eventual production. CEO Ron Van Dell said the recent financing should be sufficient for the company to break into profitability. The product and go-to-market focus reflect a narrower, capital-efficient cleantech strategy aimed at quicker commercialization or licensing outcomes.

Total raised

$103M

Funding rounds

5

Latest round

Equity

Latest activity

Mar 2014