Austin-based SolarBridge Technologies has received $25 million in venture capital.
The company, which makes micro inverters used in solar panels, has raised a total of $71 million.
Shea Ventures led the latest Series D round, and previous investors including Battery Ventures, Rho Ventures and Osage University Partners, also participated.
“AC modules powered by SolarBridge microinverters are the clear choice for residential and light commercial solar,” Ron Van Dell, president and CEO, SolarBridge, said in a news release.
SolarBridge plans to use the money to launch new hardware and software products, for marketing and sales and global expansion.
“As 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,” said Jason Schoettler, managing director of Shea Ventures.
About SolarBridge Technologies